Credit Suisse Group (NYSE:CS)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research report issued on Friday.

A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank AG raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Morgan Stanley restated a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, July 18th. Bank of America Corporation started coverage on shares of Credit Suisse Group in a report on Monday, June 19th. They set a “buy” rating on the stock. J P Morgan Chase & Co started coverage on shares of Credit Suisse Group in a report on Monday, June 26th. They set an “overweight” rating on the stock. Finally, BidaskClub lowered shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $17.00.

Shares of Credit Suisse Group (NYSE:CS) opened at 14.57 on Friday. The stock’s market capitalization is $37.20 billion. Credit Suisse Group has a 52-week low of $12.25 and a 52-week high of $16.17. The stock has a 50 day moving average price of $15.06 and a 200-day moving average price of $14.81.

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

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in CS. Morgan Stanley increased its holdings in Credit Suisse Group by 265.7% during the first quarter. Morgan Stanley now owns 5,037,858 shares of the financial services provider’s stock worth $74,761,000 after buying an additional 3,660,158 shares during the last quarter. Sei Investments Co. increased its holdings in Credit Suisse Group by 131.0% during the second quarter. Sei Investments Co. now owns 2,745,869 shares of the financial services provider’s stock worth $40,089,000 after buying an additional 1,557,160 shares during the last quarter. Earnest Partners LLC increased its holdings in Credit Suisse Group by 19.9% during the second quarter. Earnest Partners LLC now owns 7,137,108 shares of the financial services provider’s stock worth $104,202,000 after buying an additional 1,185,069 shares during the last quarter. Bank of America Corp DE increased its holdings in Credit Suisse Group by 18.7% during the first quarter. Bank of America Corp DE now owns 6,210,880 shares of the financial services provider’s stock worth $92,170,000 after buying an additional 976,525 shares during the last quarter. Finally, Symons Capital Management Inc. purchased a new stake in Credit Suisse Group during the first quarter worth about $13,990,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.

About Credit Suisse Group

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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