Citizens Financial Group (CFG) Price Target Increased to $49.00 by Analysts at Morgan Stanley
Citizens Financial Group (NYSE:CFG) had its price objective increased by investment analysts at Morgan Stanley from $43.00 to $49.00 in a report issued on Wednesday. The brokerage presently has an “overweight” rating on the bank’s stock. Morgan Stanley’s target price suggests a potential upside of 16.89% from the company’s previous close.
A number of other research firms have also commented on CFG. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Monday, December 4th. TheStreet raised Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Oppenheimer reaffirmed a “hold” rating on shares of Citizens Financial Group in a research report on Monday, October 23rd. Barclays upped their price target on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. Finally, Bank of America reaffirmed an “underperform” rating and set a $40.00 price target (down previously from $41.00) on shares of Citizens Financial Group in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $40.85.
Citizens Financial Group (NYSE CFG) traded up $0.50 on Wednesday, reaching $41.92. The company’s stock had a trading volume of 4,219,200 shares, compared to its average volume of 4,732,145. The company has a market cap of $20,378.28, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37. 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 fifty-two week low of $31.51 and a fifty-two week high of $42.52.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. Citizens Financial Group’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. analysts anticipate that Citizens Financial Group will post 2.59 earnings per share for the current fiscal year.
In other news, Director Wendy A. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the transaction, the director now owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. increased its position in Citizens Financial Group by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock valued at $459,000 after buying an additional 33 shares in the last quarter. First Allied Advisory Services Inc. increased its position in Citizens Financial Group by 1.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after buying an additional 76 shares in the last quarter. Veritable L.P. increased its position in Citizens Financial Group by 1.2% during the 2nd quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock valued at $229,000 after buying an additional 79 shares in the last quarter. D.A. Davidson & CO. increased its position in Citizens Financial Group by 2.8% during the 2nd quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock valued at $244,000 after buying an additional 188 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in Citizens Financial Group by 1.8% during the 2nd quarter. Moors & Cabot Inc. now owns 19,187 shares of the bank’s stock valued at $687,000 after buying an additional 337 shares in the last quarter. 98.84% of the stock is owned by institutional investors.
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.