Citizens Financial Group (NYSE:CFG) Price Target Raised to $52.00

Citizens Financial Group (NYSE:CFG) had its target price raised by investment analysts at Barclays from $47.00 to $52.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Barclays‘s price target suggests a potential upside of 15.79% from the company’s current price.

Other equities analysts have also issued reports about the company. Citigroup increased their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. DA Davidson lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Wednesday, December 18th. Compass Point lifted their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group increased their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $47.71.

Citizens Financial Group Stock Performance

Shares of NYSE CFG traded up $0.35 during midday trading on Monday, reaching $44.91. 1,539,354 shares of the company traded hands, compared to its average volume of 2,206,284. The company has a market cap of $19.79 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.76 and a beta of 1.10. The stock has a 50-day moving average price of $45.28 and a 200 day moving average price of $42.00. Citizens Financial Group has a 52 week low of $30.24 and a 52 week high of $49.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. Citizens Financial Group’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Sell-side analysts anticipate that Citizens Financial Group will post 3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Group

Several hedge funds have recently made changes to their positions in CFG. Nordea Investment Management AB lifted its position in shares of Citizens Financial Group by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after acquiring an additional 805,758 shares during the period. GAMMA Investing LLC lifted its position in Citizens Financial Group by 8.8% in the fourth quarter. GAMMA Investing LLC now owns 12,285 shares of the bank’s stock worth $538,000 after purchasing an additional 997 shares during the period. Versant Capital Management Inc boosted its stake in Citizens Financial Group by 17.4% during the fourth quarter. Versant Capital Management Inc now owns 1,685 shares of the bank’s stock worth $74,000 after buying an additional 250 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Citizens Financial Group in the 3rd quarter valued at $590,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Citizens Financial Group by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock worth $28,368,000 after acquiring an additional 29,940 shares during the period. Institutional investors 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.