A number of other research analysts also recently weighed in on CS. Deutsche Bank reissued a buy rating on shares of Credit Suisse Group in a report on Wednesday, August 1st. Zacks Investment Research raised Credit Suisse Group from a sell rating to a buy rating and set a $17.00 target price on the stock in a report on Tuesday, August 21st. Finally, ValuEngine raised Credit Suisse Group from a sell rating to a hold rating in a report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Credit Suisse Group currently has an average rating of Buy and an average target price of $17.00.
Shares of NYSE:CS opened at $14.85 on Tuesday. The firm has a market cap of $38.39 billion, a PE ratio of 27.50 and a beta of 1.34. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.36 and a current ratio of 1.36. Credit Suisse Group has a 1 year low of $14.63 and a 1 year high of $19.98.
Credit Suisse Group (NYSE:CS) last announced its quarterly earnings results on Tuesday, July 31st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The business had revenue of $5.68 billion for the quarter. Credit Suisse Group had a negative net margin of 1.51% and a positive return on equity of 4.31%. research analysts predict that Credit Suisse Group will post 1.25 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. raised its stake in shares of Credit Suisse Group by 87.9% in the first quarter. Sei Investments Co. now owns 2,944,086 shares of the financial services provider’s stock worth $49,431,000 after buying an additional 1,377,255 shares during the period. Millennium Management LLC raised its stake in shares of Credit Suisse Group by 103.6% in the second quarter. Millennium Management LLC now owns 1,218,546 shares of the financial services provider’s stock worth $18,132,000 after buying an additional 620,051 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Credit Suisse Group in the first quarter worth about $4,309,000. CIBC World Markets Inc. raised its stake in shares of Credit Suisse Group by 203.0% in the first quarter. CIBC World Markets Inc. now owns 368,946 shares of the financial services provider’s stock worth $6,195,000 after buying an additional 247,169 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Credit Suisse Group by 22.8% in the first quarter. Aperio Group LLC now owns 1,207,196 shares of the financial services provider’s stock worth $20,269,000 after buying an additional 223,901 shares during the period. 2.80% of the stock is currently owned by institutional investors.
Credit Suisse Group Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.
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