Zacks Investment Research upgraded shares of Credit Suisse Group (NYSE:CS) from a hold rating to a buy rating in a research note issued to investors on Wednesday. They currently have $17.00 price objective on the financial services provider’s stock.

According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “

Several other equities research analysts also recently issued reports on the company. Deutsche Bank AG raised Credit Suisse Group from a hold rating to a buy rating in a report on Monday, June 19th. Morgan Stanley reaffirmed a buy rating on shares of Credit Suisse Group in a report on Tuesday, July 18th. Bank of America Corporation initiated coverage on Credit Suisse Group in a report on Monday, June 19th. They set a buy rating for the company. J P Morgan Chase & Co initiated coverage on Credit Suisse Group in a report on Monday, June 26th. They set an overweight rating for the company. Finally, BidaskClub downgraded Credit Suisse Group from a buy rating to a hold rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. Credit Suisse Group has a consensus rating of Buy and an average price target of $16.50.

Credit Suisse Group (CS) opened at 15.44 on Wednesday. The company’s 50-day moving average is $15.05 and its 200-day moving average is $14.81. Credit Suisse Group has a 12 month low of $12.25 and a 12 month high of $16.17. The company’s market cap is $39.42 billion.

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

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Auxier Asset Management lifted its holdings in shares of Credit Suisse Group by 0.4% during the second quarter. Auxier Asset Management now owns 214,368 shares of the financial services provider’s stock worth $3,130,000 after buying an additional 925 shares in the last quarter. National Asset Management Inc. lifted its holdings in shares of Credit Suisse Group by 15.8% during the second quarter. National Asset Management Inc. now owns 24,537 shares of the financial services provider’s stock worth $359,000 after buying an additional 3,353 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Credit Suisse Group by 75.7% during 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. Tower Research Capital LLC TRC lifted its holdings in shares of Credit Suisse Group by 893.2% during the second quarter. Tower Research Capital LLC TRC now owns 14,004 shares of the financial services provider’s stock worth $204,000 after buying an additional 12,594 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Credit Suisse Group by 25.3% during the second quarter. The Manufacturers Life Insurance Company now owns 16,569 shares of the financial services provider’s stock worth $242,000 after buying an additional 3,349 shares in the last quarter. 2.95% of the stock is owned by institutional investors.

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.

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