Credit Suisse Group (CS) Stock Rating Upgraded by Royal Bank Of Canada
Credit Suisse Group (NYSE:CS) was upgraded by stock analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday.
CS has been the topic of a number of other reports. Deutsche Bank AG reissued a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, July 20th. ValuEngine raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Societe Generale raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research lowered shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, BidaskClub lowered shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. Credit Suisse Group presently has a consensus rating of “Buy” and a consensus price target of $16.50.
Credit Suisse Group (NYSE CS) opened at 16.05 on Friday. Credit Suisse Group has a 52 week low of $12.34 and a 52 week high of $16.17. The stock’s 50 day moving average price is $15.25 and its 200-day moving average price is $14.85. The company’s market capitalization is $40.98 billion.
Credit Suisse Group (NYSE:CS) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.05). The business had revenue of $5.28 billion for the quarter. Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. On average, equities research analysts predict that Credit Suisse Group will post $1.08 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of CS. JFS Wealth Advisors LLC grew its stake in Credit Suisse Group by 5.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 338 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Credit Suisse Group by 75.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 4,466 shares in the last quarter. Two Sigma Securities LLC bought a new position in Credit Suisse Group in the 1st quarter worth about $153,000. M&T Bank Corp bought a new position in Credit Suisse Group in the 2nd quarter worth about $154,000. Finally, Fiera Capital Corp bought a new position in Credit Suisse Group in the 2nd quarter worth about $164,000. Institutional investors and hedge funds own 2.94% of the company’s stock.
Credit Suisse Group Company Profile
Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.
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