Citizens Financial Group (NYSE:CFG) had its target price decreased by research analysts at Citigroup from $50.00 to $48.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the bank’s stock. Citigroup’s target price suggests a potential upside of 15.72% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Deutsche Bank raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, April 3rd. ValuEngine raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays boosted their target price on shares of Citizens Financial Group from $41.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.64.
NYSE CFG opened at $41.48 on Monday. The firm has a market capitalization of $20,214.24, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.69 and a beta of 1.40. Citizens Financial Group has a 1 year low of $31.51 and a 1 year high of $48.23. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. analysts anticipate that Citizens Financial Group will post 3.37 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in Citizens Financial Group in the fourth quarter worth $131,000. Valeo Financial Advisors LLC boosted its holdings in Citizens Financial Group by 128.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 3,148 shares of the bank’s stock worth $132,000 after purchasing an additional 1,770 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Citizens Financial Group by 315.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the bank’s stock worth $142,000 after purchasing an additional 2,580 shares in the last quarter. HPM Partners LLC bought a new stake in Citizens Financial Group in the fourth quarter worth $201,000. Finally, James Hambro & Partners bought a new stake in Citizens Financial Group in the fourth quarter worth $207,000. 97.11% of the stock is currently owned by institutional investors and hedge funds.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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