Citizens Financial Group (CFG) Stock Rating Reaffirmed by Royal Bank of Canada

Citizens Financial Group (NYSE:CFG)‘s stock had its “hold” rating restated by Royal Bank of Canada in a research note issued on Sunday. They currently have a $45.00 target price on the bank’s stock. Royal Bank of Canada’s price target points to a potential downside of 5.88% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, October 25th. Barclays boosted their price objective on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Oppenheimer reissued a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Finally, Deutsche Bank reissued a “hold” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $42.36.

Citizens Financial Group (NYSE:CFG) traded up $0.99 during midday trading on Friday, hitting $47.81. 4,165,188 shares of the company’s stock were exchanged, compared to its average volume of 4,915,243. The company has a market capitalization of $23,520.00, a PE ratio of 19.36, a PEG ratio of 0.71 and a beta of 1.37. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $47.87. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. analysts expect that Citizens Financial Group will post 3.13 EPS for the current year.

In related news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the sale, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its holdings in Citizens Financial Group by 41,266.7% in the second quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock valued at $133,000 after buying an additional 3,714 shares during the period. Lipe & Dalton acquired a new position in Citizens Financial Group in the third quarter valued at $207,000. Colony Group LLC acquired a new position in Citizens Financial Group in the second quarter valued at $210,000. Quotient Investors LLC acquired a new position in Citizens Financial Group in the third quarter valued at $227,000. Finally, Veritable L.P. lifted its holdings in Citizens Financial Group by 1.2% in the second quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock valued at $229,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 98.48% of the company’s stock.

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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.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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