Credit Suisse Group (NYSE:CS) Receives “Buy” Rating from Goldman Sachs Group

Goldman Sachs Group reiterated their buy rating on shares of Credit Suisse Group (NYSE:CS) in a research note published on Tuesday morning, Borsen Zeitung reports.

Several other brokerages have also weighed in on CS. ValuEngine lowered shares of Credit Suisse Group from a hold rating to a sell rating in a research report on Wednesday, July 24th. Zacks Investment Research lowered shares of Credit Suisse Group from a buy rating to a hold rating in a research report on Monday. Finally, BMO Capital Markets started coverage on shares of Credit Suisse Group in a research report on Friday, July 5th. They set a market perform rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Credit Suisse Group presently has an average rating of Hold and a consensus price target of $14.50.

Shares of CS opened at $11.50 on Tuesday. The company has a market capitalization of $29.44 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.46 and a beta of 1.40. The company’s 50 day simple moving average is $12.02. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.36 and a current ratio of 1.36. Credit Suisse Group has a twelve month low of $10.23 and a twelve month high of $15.99.

Credit Suisse Group (NYSE:CS) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $5.57 billion for the quarter. Credit Suisse Group had a net margin of 7.09% and a return on equity of 5.46%. As a group, research analysts expect that Credit Suisse Group will post 1.33 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in Credit Suisse Group by 26.7% during the first quarter. Quadrant Capital Group LLC now owns 37,123 shares of the financial services provider’s stock worth $420,000 after acquiring an additional 7,812 shares during the period. Oppenheimer Asset Management Inc. increased its position in Credit Suisse Group by 11.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 111,447 shares of the financial services provider’s stock worth $1,298,000 after acquiring an additional 11,227 shares during the period. Private Capital Group LLC increased its position in Credit Suisse Group by 213.1% during the first quarter. Private Capital Group LLC now owns 2,317 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,577 shares during the period. Covenant Multifamily Offices LLC bought a new position in Credit Suisse Group during the first quarter worth $40,000. Finally, BNP Paribas Arbitrage SA increased its position in Credit Suisse Group by 1.4% during the first quarter. BNP Paribas Arbitrage SA now owns 557,405 shares of the financial services provider’s stock worth $6,494,000 after acquiring an additional 7,482 shares during the period. 2.69% of the stock is currently owned by institutional investors.

About Credit Suisse Group

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. 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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