Cantor Fitzgerald Reaffirms “Overweight” Rating for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG)‘s stock had its “overweight” rating reaffirmed by Cantor Fitzgerald in a note issued to investors on Tuesday,Benzinga reports. They presently have a $75.00 target price on the bank’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 24.65% from the stock’s current price.

A number of other brokerages have also recently commented on CFG. Citigroup upped their price target on shares of Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 21st. Truist Financial lifted their target price on Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Finally, TD Cowen increased their price target on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.73.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $60.17 on Tuesday. The stock has a market capitalization of $25.57 billion, a PE ratio of 15.55, a PEG ratio of 0.49 and a beta of 0.70. The business’s 50 day simple moving average is $62.57 and its 200 day simple moving average is $56.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group has a one year low of $32.60 and a one year high of $68.79.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Citizens Financial Group will post 3.92 earnings per share for the current year.

Institutional Trading of Citizens Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CFG. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Citizens Financial Group during the fourth quarter valued at about $26,000. Activest Wealth Management raised its holdings in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after acquiring an additional 504 shares during the last quarter. True Wealth Design LLC lifted its position in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after acquiring an additional 526 shares in the last quarter. DV Equities LLC acquired a new position in Citizens Financial Group during the 4th quarter valued at about $35,000. Finally, Capital A Wealth Management LLC increased its holdings in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after purchasing an additional 794 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.