J P Morgan Chase & Co Reaffirms Buy Rating for Credit Suisse Group (NYSE:CS)

Credit Suisse Group (NYSE:CS)‘s stock had its “buy” rating restated by stock analysts at J P Morgan Chase & Co in a report released on Monday, November 20th.

Several other research firms have also recently weighed in on CS. Royal Bank Of Canada raised Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 6th. Macquarie raised Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 15th. Santander upgraded Credit Suisse Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, BidaskClub lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $17.00.

Credit Suisse Group (CS) traded down $0.11 during trading hours on Monday, reaching $16.77. The company’s stock had a trading volume of 1,998,951 shares, compared to its average volume of 3,740,293. Credit Suisse Group has a 1 year low of $13.28 and a 1 year high of $17.30. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09.

Several hedge funds have recently modified their holdings of CS. JFS Wealth Advisors LLC boosted its holdings in shares of Credit Suisse Group by 5.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 338 shares in the last quarter. Zions Bancorporation boosted its holdings in shares of Credit Suisse Group by 2,018.8% during the 3rd quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 7,187 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of Credit Suisse Group during the 3rd quarter valued at $121,000. Quadrant Capital Group LLC boosted its holdings in shares of Credit Suisse Group by 75.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 4,466 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Credit Suisse Group during the 3rd quarter valued at $145,000. 2.85% of the stock is currently owned by hedge funds and other institutional investors.

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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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