Analysts Set Credit Suisse Group AG (CS) Price Target at $16.00

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Shares of Credit Suisse Group AG (NYSE:CS) have received an average rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.00.

A number of brokerages recently issued reports on CS. Royal Bank of Canada downgraded shares of Credit Suisse Group from an “outperform” rating to a “sector perform” rating in a report on Friday, November 23rd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a report on Wednesday, December 26th. Keefe, Bruyette & Woods downgraded shares of Credit Suisse Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 21st. Zacks Investment Research raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, Societe Generale reaffirmed a “hold” rating on shares of Credit Suisse Group in a report on Friday, November 2nd.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of Credit Suisse Group by 8.3% in the third quarter. Renaissance Technologies LLC now owns 4,515,988 shares of the financial services provider’s stock worth $67,469,000 after buying an additional 344,200 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Credit Suisse Group by 2.7% in the second quarter. Northern Trust Corp now owns 2,538,736 shares of the financial services provider’s stock worth $37,776,000 after buying an additional 66,330 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in Credit Suisse Group by 3.2% during the third quarter. Tocqueville Asset Management L.P. now owns 1,887,354 shares of the financial services provider’s stock worth $28,197,000 after purchasing an additional 58,095 shares during the last quarter. Eaton Vance Management increased its position in Credit Suisse Group by 17.9% during the third quarter. Eaton Vance Management now owns 1,333,509 shares of the financial services provider’s stock worth $19,922,000 after purchasing an additional 202,909 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Credit Suisse Group by 252.4% during the third quarter. Bank of New York Mellon Corp now owns 1,308,059 shares of the financial services provider’s stock worth $19,542,000 after purchasing an additional 936,895 shares during the last quarter. 2.79% of the stock is currently owned by hedge funds and other institutional investors.

Credit Suisse Group stock traded up $0.04 during mid-day trading on Friday, reaching $11.79. 137,468 shares of the company traded hands, compared to its average volume of 4,390,854. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 3.82. Credit Suisse Group has a fifty-two week low of $10.23 and a fifty-two week high of $19.98. The firm has a market capitalization of $29.55 billion, a price-to-earnings ratio of 21.86 and a beta of 1.27.

Credit Suisse Group (NYSE:CS) last released its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.16 earnings per share for the quarter. The firm had revenue of $4.97 billion for the quarter. Credit Suisse Group had a negative net margin of 0.98% and a positive return on equity of 4.77%. On average, sell-side analysts predict that Credit Suisse Group will post 0.99 EPS for the current fiscal year.

About Credit Suisse Group

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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Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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