Citizens Financial Group’s (CFG) “Overweight” Rating Reaffirmed at Stephens

Citizens Financial Group (NYSE:CFG)‘s stock had its “overweight” rating reiterated by stock analysts at Stephens in a report released on Wednesday,Benzinga reports. They currently have a $53.00 price objective on the bank’s stock. Stephens’ price objective indicates a potential upside of 9.58% from the stock’s previous close.

Other research analysts have also issued research reports about the company. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Citigroup raised their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler raised their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Up 1.6 %

Shares of Citizens Financial Group stock opened at $48.37 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group has a 52-week low of $30.24 and a 52-week high of $49.25. The company’s 50 day moving average price is $45.82 and its 200-day moving average price is $43.28. The stock has a market capitalization of $21.31 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 0.82 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Equities research analysts forecast that Citizens Financial Group will post 3.94 EPS for the current year.

Institutional Trading of Citizens Financial Group

A number of hedge funds have recently bought and sold shares of the company. My Legacy Advisors LLC boosted its position in Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after purchasing an additional 229 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Citizens Financial Group by 3.3% in the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after purchasing an additional 233 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after buying an additional 246 shares during the last quarter. Ballentine Partners LLC increased its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after buying an additional 247 shares during the last quarter. Finally, Commerce Bank boosted its stake in shares of Citizens Financial Group by 1.9% during the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other 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.