Citizens Financial Group (CFG) Receives $42.58 Consensus PT from Brokerages

Shares of Citizens Financial Group (NYSE:CFG) have received an average recommendation of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $42.38.

A number of research firms recently commented on CFG. Citigroup reduced their price objective on Citizens Financial Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday. BMO Capital Markets upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $40.00 to $39.00 in a research report on Tuesday, December 19th. Morgan Stanley upped their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Sanford C. Bernstein set a $52.00 price objective on Citizens Financial Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research cut Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd.

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Citizens Financial Group stock traded up $0.96 during mid-day trading on Wednesday, reaching $42.44. 2,721,910 shares of the stock traded hands, compared to its average volume of 5,105,041. The stock has a market cap of $20,214.24, a PE ratio of 16.38, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 0.96. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $48.23.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. Citizens Financial Group’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. sell-side analysts predict that Citizens Financial Group will post 3.37 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB increased its position in Citizens Financial Group by 5.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 91,822 shares of the bank’s stock worth $3,855,000 after buying an additional 5,068 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Citizens Financial Group by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 72,658 shares of the bank’s stock worth $3,048,000 after buying an additional 1,793 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Citizens Financial Group by 40.6% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 34,287 shares of the bank’s stock worth $1,439,000 after buying an additional 9,900 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in Citizens Financial Group in the fourth quarter worth about $399,000. Finally, Sterling Capital Management LLC purchased a new stake in Citizens Financial Group in the fourth quarter worth about $1,087,000. Institutional investors and hedge funds own 97.11% of the company’s stock.

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Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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