Credit Suisse Group (NYSE:CS) Raised to “Outperform” at Royal Bank Of Canada

Credit Suisse Group (NYSE:CS) was upgraded by research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Friday, October 6th, Marketbeat reports.

Several other brokerages have also issued reports on CS. Societe Generale upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. UBS AG reiterated a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, September 5th. Santander upgraded shares of Credit Suisse Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, September 26th. ValuEngine upgraded shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, BidaskClub lowered shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $16.50.

Credit Suisse Group (NYSE:CS) opened at 15.91 on Friday. The firm’s 50-day moving average price is $15.47 and its 200 day moving average price is $14.91. The firm’s market cap is $40.62 billion. Credit Suisse Group has a 12-month low of $12.34 and a 12-month high of $16.17.

Credit Suisse Group (NYSE:CS) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). Credit Suisse Group had a negative return on equity of 2.93% and a negative net margin of 4.84%. The company had revenue of $5.28 billion during the quarter. Analysts forecast that Credit Suisse Group will post $1.08 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of CS. JFS Wealth Advisors LLC lifted its holdings in shares of Credit Suisse Group by 5.0% in the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after buying an additional 338 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Credit Suisse Group by 75.7% in the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock worth $131,000 after buying an additional 4,466 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Credit Suisse Group in the first quarter worth $153,000. M&T Bank Corp purchased a new position in shares of Credit Suisse Group in the second quarter worth $154,000. Finally, Fiera Capital Corp purchased a new position in shares of Credit Suisse Group in the second quarter worth $164,000. 2.94% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Group Company Profile

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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