Citizens Financial Group (NYSE:CFG) Coverage Initiated at Jefferies Financial Group

Investment analysts at Jefferies Financial Group initiated coverage on shares of Citizens Financial Group (NYSE:CFG) in a research note issued on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $50.00 price target on the bank’s stock. Jefferies Financial Group’s price objective points to a potential upside of 25.91% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Morgan Stanley dropped their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Royal Bank of Canada dropped their target price on shares of Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. Piper Sandler lowered their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, TD Cowen began coverage on shares of Citizens Financial Group in a research report on Thursday, May 15th. They issued a “buy” rating and a $57.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Citizens Financial Group Trading Up 0.2%

Shares of Citizens Financial Group stock opened at $39.71 on Wednesday. Citizens Financial Group has a 12-month low of $32.60 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a market cap of $17.36 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company has a 50-day moving average of $38.50 and a two-hundred day moving average of $43.10.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, research analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current fiscal year.

Institutional Trading of Citizens Financial Group

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors boosted its position in Citizens Financial Group by 3.3% during the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank’s stock worth $1,570,989,000 after acquiring an additional 1,131,838 shares during the last quarter. Geode Capital Management LLC boosted its position in Citizens Financial Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank’s stock worth $477,043,000 after acquiring an additional 124,860 shares during the last quarter. Wellington Management Group LLP boosted its position in Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock worth $462,547,000 after acquiring an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Citizens Financial Group by 7.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 10,380,605 shares of the bank’s stock worth $425,293,000 after acquiring an additional 697,494 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Citizens Financial Group by 19.1% during the first quarter. AQR Capital Management LLC now owns 7,366,754 shares of the bank’s stock worth $294,007,000 after acquiring an additional 1,180,390 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.