Citizens Financial Group (NYSE:CFG) has been given a $52.00 price target by Sanford C. Bernstein in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the bank’s stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 8.76% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $40.00 to $39.00 in a report on Tuesday, December 19th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Monday, September 25th. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Morgan Stanley boosted their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, Oppenheimer restated a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $42.36.
Shares of Citizens Financial Group (NYSE CFG) traded up $0.99 during mid-day trading on Monday, hitting $47.81. The stock had a trading volume of 4,165,188 shares, compared to its average volume of 4,972,946. Citizens Financial Group has a twelve month low of $31.51 and a twelve month high of $47.32. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $23,520.00, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. Citizens Financial Group’s revenue for the quarter was up 8.9% compared to the same quarter last year. analysts anticipate that Citizens Financial Group will post 3.13 EPS for the current fiscal year.
In other news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares in the company, valued at approximately $520,684.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CFG. Thrivent Financial For Lutherans boosted its stake in shares of Citizens Financial Group by 58.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 118,178 shares of the bank’s stock worth $4,216,000 after acquiring an additional 43,808 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Citizens Financial Group by 1.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 61,625 shares of the bank’s stock worth $2,199,000 after acquiring an additional 997 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Citizens Financial Group by 2.8% during the 2nd quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock worth $244,000 after acquiring an additional 188 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in shares of Citizens Financial Group by 5.7% during the 2nd quarter. ETRADE Capital Management LLC now owns 19,680 shares of the bank’s stock worth $702,000 after acquiring an additional 1,067 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Citizens Financial Group by 1.3% during the 2nd quarter. M&T Bank Corp now owns 81,453 shares of the bank’s stock worth $2,907,000 after acquiring an additional 1,013 shares in the last quarter. Institutional investors 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.