Credit Suisse Group (NYSE:CS) was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other research firms have also recently issued reports on CS. UBS AG reiterated a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, September 5th. ValuEngine upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub cut Credit Suisse Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. J P Morgan Chase & Co started coverage on Credit Suisse Group in a report on Monday, June 26th. They issued an “overweight” rating on the stock. Finally, Bank of America Corporation started coverage on Credit Suisse Group in a report on Monday, June 19th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.00.

Credit Suisse Group (NYSE CS) traded up 2.86% during mid-day trading on Monday, reaching $15.10. The company had a trading volume of 2,562,570 shares. Credit Suisse Group has a 52 week low of $12.25 and a 52 week high of $16.17. The stock’s 50-day moving average price is $15.04 and its 200 day moving average price is $14.80. The firm’s market capitalization is $38.55 billion.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings data 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. Credit Suisse Group had a negative return on equity of 2.93% and a negative net margin of 4.84%. The firm had revenue of $5.28 billion during the quarter. On average, equities research analysts predict that Credit Suisse Group will post $1.08 EPS for the current year.

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Several institutional investors have recently modified their holdings of CS. Morgan Stanley boosted its holdings in shares of Credit Suisse Group by 265.7% during the 1st quarter. Morgan Stanley now owns 5,037,858 shares of the financial services provider’s stock worth $74,761,000 after purchasing an additional 3,660,158 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Credit Suisse Group by 131.0% during the 2nd quarter. Sei Investments Co. now owns 2,745,869 shares of the financial services provider’s stock worth $40,089,000 after purchasing an additional 1,557,160 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Credit Suisse Group by 19.9% during the 2nd quarter. Earnest Partners LLC now owns 7,137,108 shares of the financial services provider’s stock worth $104,202,000 after purchasing an additional 1,185,069 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Credit Suisse Group by 18.7% during the 1st quarter. Bank of America Corp DE now owns 6,210,880 shares of the financial services provider’s stock worth $92,170,000 after purchasing an additional 976,525 shares during the last quarter. Finally, Symons Capital Management Inc. acquired a new position in shares of Credit Suisse Group during the 1st quarter worth approximately $13,990,000. Institutional investors and hedge funds own 2.95% of the company’s stock.

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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