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

Credit Suisse Group AG (NYSE:CSGet Rating) has been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.20.

CS has been the subject of a number of recent research reports. Societe Generale lowered their price objective on Credit Suisse Group from CHF 5.50 to CHF 4.20 in a research note on Wednesday, October 5th. Royal Bank of Canada initiated coverage on Credit Suisse Group in a research note on Monday, December 19th. They set a “sector perform” rating for the company. Barclays lowered their price objective on Credit Suisse Group from CHF 4 to CHF 2.90 and set an “underweight” rating for the company in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft began coverage on Credit Suisse Group in a research note on Friday, January 13th. They issued a “hold” rating for the company. Finally, AlphaValue cut Credit Suisse Group from a “buy” rating to a “sell” rating in a research note on Monday, November 7th.

Institutional Trading of Credit Suisse Group

Institutional investors have recently modified their holdings of the company. Credit Suisse AG acquired a new stake in shares of Credit Suisse Group in the second quarter valued at $28,000. Ronald Blue Trust Inc. acquired a new stake in shares of Credit Suisse Group in the second quarter valued at $50,000. IFP Advisors Inc lifted its holdings in shares of Credit Suisse Group by 84.5% in the third quarter. IFP Advisors Inc now owns 7,318 shares of the financial services provider’s stock valued at $166,000 after buying an additional 3,351 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Credit Suisse Group by 70.3% during the second quarter. Captrust Financial Advisors now owns 7,931 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 3,273 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Credit Suisse Group by 202.1% during the third quarter. CWM LLC now owns 9,024 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 6,037 shares during the last quarter. Institutional investors and hedge funds own 11.20% of the company’s stock.

Credit Suisse Group Price Performance

Shares of CS opened at $3.32 on Friday. The company has a market cap of $10.33 billion, a P/E ratio of -1.04 and a beta of 1.33. The stock has a fifty day moving average price of $3.45 and a 200 day moving average price of $4.46. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.38 and a quick ratio of 1.38. Credit Suisse Group has a 12 month low of $2.97 and a 12 month high of $10.09.

Credit Suisse Group (NYSE:CSGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.80 billion. Credit Suisse Group had a negative return on equity of 3.82% and a negative net margin of 38.02%. On average, research analysts forecast that Credit Suisse Group will post -1.9 earnings per share for the current year.

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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Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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