Credit Suisse Group AG (NYSE:CS) Receives Average Rating of “Hold” from Analysts

Shares of Credit Suisse Group AG (NYSE:CSGet Rating) have been given a consensus recommendation of “Hold” by the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.10.

Several research firms recently commented on CS. StockNews.com began coverage on shares of Credit Suisse Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered shares of Credit Suisse Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 17th. Citigroup dropped their target price on shares of Credit Suisse Group from CHF 9.40 to CHF 8 and set a “buy” rating on the stock in a research report on Monday, May 16th. The Goldman Sachs Group started coverage on shares of Credit Suisse Group in a research report on Wednesday, March 30th. They set a “neutral” rating on the stock. Finally, Morgan Stanley dropped their target price on shares of Credit Suisse Group from CHF 10.50 to CHF 9.50 and set an “equal weight” rating on the stock in a research report on Thursday, April 21st.

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Credit Suisse Group by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,131,757 shares of the financial services provider’s stock valued at $40,284,000 after acquiring an additional 192,576 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in Credit Suisse Group by 116.3% during the fourth quarter. Natixis Advisors L.P. now owns 2,840,782 shares of the financial services provider’s stock worth $27,385,000 after buying an additional 1,527,516 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in Credit Suisse Group by 75.2% during the first quarter. Brandes Investment Partners LP now owns 2,459,269 shares of the financial services provider’s stock worth $19,305,000 after buying an additional 1,055,281 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Credit Suisse Group by 23.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,239,331 shares of the financial services provider’s stock worth $21,587,000 after buying an additional 423,076 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Credit Suisse Group by 10.5% during the third quarter. BlackRock Inc. now owns 2,155,993 shares of the financial services provider’s stock worth $21,258,000 after buying an additional 204,139 shares in the last quarter. 13.58% of the stock is currently owned by institutional investors and hedge funds.

NYSE CS opened at $6.87 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.59. The company has a 50 day moving average price of $7.10 and a 200 day moving average price of $8.42. Credit Suisse Group has a 52 week low of $6.07 and a 52 week high of $11.04.

Credit Suisse Group (NYSE:CSGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The financial services provider reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.29). The firm had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $5.27 billion. Credit Suisse Group had a negative return on equity of 0.63% and a negative net margin of 6.95%. As a group, equities analysts forecast that Credit Suisse Group will post 0.36 EPS for the current year.

The firm also recently disclosed a — dividend, which was paid on Monday, May 23rd. Stockholders of record on Tuesday, May 10th were issued a $0.0528 dividend. This represents a dividend yield of 0.5%. The ex-dividend date was Monday, May 9th. Credit Suisse Group’s dividend payout ratio (DPR) is currently -4.29%.

Credit Suisse Group Company Profile (Get Rating)

Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth planning, succession planning, and trust services.

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