Credit Suisse Group (CS) Upgraded at Macquarie

Macquarie upgraded shares of Credit Suisse Group (NYSE:CS) from an underperform rating to a neutral rating in a research report sent to investors on Wednesday, Marketbeat.com reports.

Several other research firms also recently issued reports on CS. Morgan Stanley restated a buy rating on shares of Credit Suisse Group in a research note on Tuesday, July 18th. Deutsche Bank AG restated a buy rating on shares of Credit Suisse Group in a research note on Thursday, July 20th. BidaskClub downgraded Credit Suisse Group from a buy rating to a hold rating in a research note on Monday, July 24th. Citigroup Inc. restated a buy rating on shares of Credit Suisse Group in a research note on Thursday, August 10th. Finally, The Goldman Sachs Group, Inc. restated a buy rating on shares of Credit Suisse Group in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $17.00.

Shares of Credit Suisse Group (NYSE CS) traded up $0.12 during midday trading on Wednesday, hitting $16.10. The stock had a trading volume of 1,630,792 shares, compared to its average volume of 3,786,479. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09. Credit Suisse Group has a one year low of $13.06 and a one year high of $16.46.

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Several large investors have recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its holdings in shares of Credit Suisse Group by 5.0% during the 2nd quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after buying an additional 338 shares in the last quarter. US Bancorp DE raised its holdings in shares of Credit Suisse Group by 2.1% during the 2nd quarter. US Bancorp DE now owns 19,345 shares of the financial services provider’s stock worth $283,000 after buying an additional 399 shares in the last quarter. TD Asset Management Inc. raised its holdings in shares of Credit Suisse Group by 2.3% during the 2nd quarter. TD Asset Management Inc. now owns 18,467 shares of the financial services provider’s stock worth $270,000 after buying an additional 423 shares in the last quarter. Auxier Asset Management raised its holdings in shares of Credit Suisse Group by 0.4% during the 2nd 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. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Credit Suisse Group by 7.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 24,200 shares of the financial services provider’s stock worth $354,000 after buying an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 2.91% 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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