Citizens Financial Group, Inc. (CFG) Receives Average Recommendation of “Hold” from Analysts
Shares of Citizens Financial Group, Inc. (NYSE:CFG) have earned a consensus rating of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $38.29.
A number of equities research analysts have recently issued reports on CFG shares. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Keefe, Bruyette & Woods set a $40.00 target price on shares of Citizens Financial Group and gave the company a “buy” rating in a research note on Friday, August 11th. BidaskClub upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Friday, July 28th. Finally, Barclays PLC upped their target price on shares of Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd.
Shares of Citizens Financial Group (NYSE CFG) opened at $38.82 on Friday. The stock has a market cap of $19,443.42, a PE ratio of 15.72, a PEG ratio of 0.99 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.97. Citizens Financial Group has a 12 month low of $25.98 and a 12 month high of $39.75.
Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. sell-side analysts forecast that Citizens Financial Group will post 2.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio is presently 29.15%.
Large investors have recently made changes to their positions in the stock. Alps Advisors Inc. grew its position in Citizens Financial Group by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock worth $459,000 after purchasing an additional 33 shares during the last quarter. Smithfield Trust Co. grew its position in Citizens Financial Group by 1.4% in the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock worth $178,000 after purchasing an additional 70 shares during the last quarter. First Allied Advisory Services Inc. grew its position in 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 worth $250,000 after purchasing an additional 76 shares during the last quarter. Veritable L.P. grew its position in Citizens Financial Group by 1.2% in the 2nd quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock worth $229,000 after purchasing an additional 79 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in 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 worth $1,120,000 after purchasing an additional 100 shares during the last quarter. 96.52% of the stock is owned by institutional investors and hedge funds.
Citizens Financial Group Company Profile
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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