Several brokerages have updated their recommendations and price targets on shares of Citizens Financial Group (NYSE: CFG) in the last few weeks:

  • 10/2/2017 – Citizens Financial Group had its “underperform” rating reaffirmed by analysts at Bank of America Corporation. They now have a $40.00 price target on the stock, down previously from $41.00.
  • 9/26/2017 – Citizens Financial Group had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $36.00 price target on the stock, up previously from $34.00.
  • 9/25/2017 – Citizens Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Shares of Citizens Financial have outperformed the industry over the last six months. This performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance further. It also launched TOP IV initiatives which are expected to achieve pre-tax benefit of $90-$105 million by the end of 2018. Further, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow as the U.S. economy is gaining traction. However, higher costs resulting from pending legal hassles remain a major concern. Also, Citizens Financial's significant exposure to commercial loans keeps us apprehensive.”
  • 9/22/2017 – Citizens Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Citizens Financial have outperformed the industry over the past year. This performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance further. It also launched TOP IV initiatives which are expected to achieve pre-tax benefit of $90-$105 million by the end of 2018. Further, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow as the U.S. economy is gaining traction. However, higher costs resulting from pending legal hassles remain a major concern. Also, Citizens Financial's significant exposure to commercial loans keeps us apprehensive.”
  • 9/18/2017 – Citizens Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Shares of Citizens Financial have outperformed the industry over the past year. This performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. It remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance further. The company also launched TOP IV initiatives which are expected to achieve pre-tax benefit of $90-$105 million by the end of 2018. Following the Fed rate hikes so far, margin pressure seems to be easing. Also, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow further as the U.S. economy is gaining traction. However, higher costs resulting from pending legal hassles remain a major concern.”
  • 9/15/2017 – Citizens Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Citizens Financial have outperformed the industry year to date. This performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. It remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance further. The company also launched TOP IV initiatives which are expected to achieve pre-tax benefit of $90-$105 million by the end of 2018. Following the Fed rate hikes so far, margin pressure seems to be easing. Also, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow further as the U.S. economy is gaining traction. However, higher costs resulting from pending legal hassles remain a major concern.”
  • 9/14/2017 – Citizens Financial Group was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $43.00 price target on the stock, up previously from $38.00.
  • 9/12/2017 – Citizens Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “Shares of Citizens Financial have outperformed the industry year to date. This performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. It remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance further. The company also launched TOP IV initiatives which are expected to achieve pre-tax benefit of $90-$105 million by the end of 2018. Following the Fed rate hikes so far, margin pressure seems to be easing. Also, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow further as the U.S. economy is gaining traction. However, higher costs resulting from pending legal hassles remain a major concern.”
  • 8/25/2017 – Citizens Financial Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/14/2017 – Citizens Financial Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/11/2017 – Citizens Financial Group was given a new $40.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “buy” rating on the stock.
  • 8/7/2017 – Citizens Financial Group was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.

Citizens Financial Group Inc (NYSE CFG) traded down 0.60% during mid-day trading on Wednesday, reaching $36.62. 2,136,703 shares of the company’s stock were exchanged. The company has a 50-day moving average of $34.58 and a 200-day moving average of $35.21. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 15.64 and a beta of 1.37. Citizens Financial Group Inc has a 52-week low of $24.22 and a 52-week high of $39.75.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Citizens Financial Group had a return on equity of 6.47% and a net margin of 22.78%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities research analysts anticipate that Citizens Financial Group Inc will post $2.54 earnings per share for the current year.

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.

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