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

Shares of Credit Suisse Group AG (NYSE:CS) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.00.

Separately, StockNews.com assumed coverage on shares of Credit Suisse Group in a research note on Tuesday. They issued a “hold” rating on the stock.

Institutional Trading of Credit Suisse Group

A number of large investors have recently made changes to their positions in the company. First Trust Direct Indexing L.P. boosted its holdings in Credit Suisse Group by 102.1% in the first quarter. First Trust Direct Indexing L.P. now owns 155,399 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 78,509 shares during the last quarter. Hilltop Partners LLC bought a new position in shares of Credit Suisse Group during the first quarter valued at approximately $70,000. Emfo LLC acquired a new position in shares of Credit Suisse Group during the first quarter worth approximately $60,000. Insigneo Advisory Services LLC acquired a new stake in Credit Suisse Group in the first quarter worth approximately $74,000. Finally, Apollon Wealth Management LLC acquired a new stake in Credit Suisse Group in the first quarter worth approximately $27,000. 11.20% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Group Stock Performance

Shares of CS stock opened at $0.89 on Thursday. Credit Suisse Group has a 12 month low of $0.82 and a 12 month high of $6.36. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $2.77 billion, a PE ratio of 1.37 and a beta of 1.27. The firm has a fifty day simple moving average of $0.89 and a two-hundred day simple moving average of $0.88.

Credit Suisse Group Company Profile

Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.