UBS Group downgraded shares of Citizens Financial Group (NYSE:CFG) from a buy rating to a neutral rating in a research report report published on Wednesday, Briefing.com Automated Import reports. The brokerage currently has $38.00 price objective on the bank’s stock, down from their previous price objective of $40.00.
A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Pinduoduo in a report on Tuesday, July 9th. They set an underweight rating and a $20.48 target price on the stock. ValuEngine raised shares of Alleghany from a hold rating to a buy rating in a report on Friday, April 19th. Zacks Investment Research raised shares of H&E Equipment Services from a hold rating to a buy rating and set a $27.00 target price on the stock in a report on Monday, March 25th. Wedbush set a $13.00 price target on shares of SLM and gave the stock a buy rating in a report on Monday, April 22nd. Finally, Argus began coverage on shares of Citizens Financial Group in a report on Wednesday, June 19th. They issued a hold rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Citizens Financial Group presently has a consensus rating of Hold and a consensus price target of $40.21.
Citizens Financial Group stock opened at $35.75 on Wednesday. The business’s 50 day moving average price is $34.67. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.57. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.17 and a beta of 1.44. Citizens Financial Group has a 1-year low of $27.62 and a 1-year high of $41.76.
Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, April 18th. The bank reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. During the same quarter in the prior year, the firm posted $0.78 EPS. As a group, research analysts anticipate that Citizens Financial Group will post 3.8 earnings per share for the current year.
Several large investors have recently modified their holdings of CFG. Semmax Financial Advisors Inc. bought a new position in shares of Citizens Financial Group in the 4th quarter worth $26,000. Zions Bancorporation N.A. bought a new position in shares of Citizens Financial Group in the 1st quarter worth $29,000. PRW Wealth Management LLC bought a new position in shares of Citizens Financial Group in the 4th quarter worth $32,000. Liberty Wealth Management LLC bought a new position in shares of Citizens Financial Group in the 1st quarter worth $34,000. Finally, Sageworth Trust Co bought a new position in shares of Citizens Financial Group in the 1st quarter worth $50,000. 95.49% of the stock is currently owned by hedge funds and other institutional investors.
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 provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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