Citizens Financial Group, Inc. (NYSE:CFG) has received an average recommendation of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.25.

A number of equities analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and set a $41.00 price objective (up from $40.00) on shares of Citizens Financial Group in a research report on Tuesday, June 6th. BMO Capital Markets reiterated a “market perform” rating and set a $39.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Deutsche Bank AG reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Wednesday, July 5th. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Citigroup Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Thursday, June 22nd.

Several large investors have recently bought and sold shares of the company. Alps Advisors Inc. boosted its stake in shares of Citizens Financial Group by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock valued at $459,000 after purchasing an additional 33 shares during the last quarter. Smithfield Trust Co. boosted its stake in shares of Citizens Financial Group by 1.4% in the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after purchasing an additional 70 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Citizens Financial Group by 1.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after purchasing an additional 76 shares during the last quarter. Veritable L.P. boosted its stake in shares of Citizens Financial Group by 1.2% in the 2nd quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock valued at $229,000 after purchasing an additional 79 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Citizens Financial Group by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the bank’s stock valued at $1,120,000 after purchasing an additional 100 shares during the last quarter. 96.86% of the stock is currently owned by institutional investors.

Shares of Citizens Financial Group (NYSE:CFG) opened at 35.16 on Friday. The stock’s 50 day moving average is $33.99 and its 200 day moving average is $35.34. The company has a market capitalization of $17.60 billion, a PE ratio of 15.01 and a beta of 1.32. Citizens Financial Group has a 1-year low of $23.81 and a 1-year high of $39.75.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Citizens Financial Group will post $2.53 EPS for the current fiscal year.

Citizens Financial Group announced that its board has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $850.00 million in outstanding shares. This repurchase authorization permits the bank to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/16/citizens-financial-group-inc-cfg-given-consensus-rating-of-hold-by-brokerages.html.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.