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

Shares of Credit Suisse Group AG (NYSE:CS) have been given an average rating of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.00.

A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Credit Suisse Group from a “buy” rating to a “sell” rating in a research report on Thursday, April 25th. ValuEngine downgraded shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. JPMorgan Chase & Co. downgraded shares of Credit Suisse Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, March 13th. Keefe, Bruyette & Woods downgraded shares of Credit Suisse Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, March 12th. Finally, Berenberg Bank raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th.

Shares of NYSE:CS traded down $0.23 during trading hours on Wednesday, reaching $11.49. The stock had a trading volume of 1,993,800 shares, compared to its average volume of 3,044,397. Credit Suisse Group has a 1 year low of $10.23 and a 1 year high of $16.30. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 3.65. The company has a market cap of $29.50 billion, a PE ratio of 13.68 and a beta of 1.41.

Credit Suisse Group (NYSE:CS) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.29 EPS for the quarter. Credit Suisse Group had a net margin of 6.27% and a return on equity of 4.82%. The company had revenue of $5.41 billion for the quarter. As a group, equities research analysts expect that Credit Suisse Group will post 1.33 EPS for the current year.

The firm also recently declared a special dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a dividend of $0.2641 per share. The ex-dividend date was Friday, May 3rd. This represents a yield of 2.17%. This is a boost from Credit Suisse Group’s previous special dividend of $0.26. Credit Suisse Group’s dividend payout ratio is currently 30.95%.

A number of large investors have recently modified their holdings of the stock. Susquehanna International Group Ltd. boosted its stake in Credit Suisse Group by 1.0% during the 1st quarter. Susquehanna International Group Ltd. now owns 123,600 shares of the financial services provider’s stock worth $1,440,000 after purchasing an additional 1,200 shares during the period. Cornerstone Advisors Inc. boosted its stake in Credit Suisse Group by 134.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,154 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,235 shares during the period. Comerica Bank boosted its stake in Credit Suisse Group by 0.8% during the 4th quarter. Comerica Bank now owns 158,865 shares of the financial services provider’s stock worth $1,961,000 after purchasing an additional 1,279 shares during the period. Private Capital Group LLC boosted its stake in Credit Suisse Group by 213.1% during the 1st quarter. Private Capital Group LLC now owns 2,317 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,577 shares during the period. Finally, Cerity Partners LLC boosted its stake in Credit Suisse Group by 5.2% during the 4th quarter. Cerity Partners LLC now owns 32,468 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 1,610 shares during the period.

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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