Citizens Financial Group Inc (NYSE:CFG) has been given a consensus rating of “Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $41.38.
Several analysts have issued reports on CFG shares. Wedbush set a $39.00 target price on Citizens Financial Group and gave the stock a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, March 20th. Argus started coverage on Citizens Financial Group in a research note on Wednesday, June 19th. They issued a “hold” rating for the company. Finally, ValuEngine raised Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, April 19th.
Shares of CFG stock traded up $0.19 during trading on Friday, hitting $35.21. The company had a trading volume of 144,893 shares, compared to its average volume of 3,774,450. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.57. The business’s 50-day simple moving average is $34.51. The firm has a market cap of $16.05 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.44. Citizens Financial Group has a 52 week low of $27.62 and a 52 week high of $41.76.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. During the same period in the prior year, the business earned $0.78 earnings per share. On average, research analysts anticipate that Citizens Financial Group will post 3.85 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of CFG. BlackRock Inc. boosted its stake in shares of Citizens Financial Group by 4.2% during the first quarter. BlackRock Inc. now owns 43,794,858 shares of the bank’s stock valued at $1,423,333,000 after purchasing an additional 1,753,064 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Citizens Financial Group by 4.6% during the first quarter. JPMorgan Chase & Co. now owns 18,633,845 shares of the bank’s stock valued at $605,600,000 after purchasing an additional 823,732 shares during the period. LSV Asset Management boosted its stake in shares of Citizens Financial Group by 0.8% during the first quarter. LSV Asset Management now owns 9,246,029 shares of the bank’s stock valued at $300,495,000 after purchasing an additional 74,300 shares during the period. Bank of Montreal Can boosted its stake in shares of Citizens Financial Group by 28.2% during the first quarter. Bank of Montreal Can now owns 7,271,601 shares of the bank’s stock valued at $236,327,000 after purchasing an additional 1,600,201 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Citizens Financial Group by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 6,302,325 shares of the bank’s stock valued at $187,048,000 after purchasing an additional 398,877 shares during the period. 95.49% of the stock is owned by institutional investors and hedge funds.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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