Citigroup Lowers Citizens Financial Group (NYSE:CFG) Price Target to $51.00

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price objective cut by research analysts at Citigroup from $58.00 to $51.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the bank's stock. Citigroup's price objective indicates a potential upside of 21.47% from the stock's current price.

Other research analysts also recently issued research reports about the company. Piper Sandler increased their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Morgan Stanley cut their target price on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. Raymond James reaffirmed a "strong-buy" rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Truist Financial reduced their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $48.67.

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Citizens Financial Group Stock Down 0.7 %

Shares of CFG traded down $0.29 during mid-day trading on Monday, reaching $41.98. 3,087,028 shares of the stock traded hands, compared to its average volume of 4,518,320. The stock has a fifty day simple moving average of $45.01 and a 200 day simple moving average of $44.14. Citizens Financial Group has a 12-month low of $32.06 and a 12-month high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Sell-side analysts expect that Citizens Financial Group will post 3.92 EPS for the current fiscal year.

Institutional Trading of Citizens Financial Group

A number of large investors have recently modified their holdings of CFG. Great Valley Advisor Group Inc. raised its stake in Citizens Financial Group by 0.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank's stock valued at $1,740,000 after acquiring an additional 224 shares in the last quarter. My Legacy Advisors LLC grew its position in Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock valued at $1,074,000 after buying an additional 229 shares in the last quarter. Brooklyn Investment Group increased its stake in Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock valued at $320,000 after buying an additional 233 shares during the period. 1620 Investment Advisors Inc. raised its position in shares of Citizens Financial Group by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock worth $338,000 after buying an additional 238 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in shares of Citizens Financial Group by 0.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after acquiring an additional 246 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

About Citizens Financial Group

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.