Citizens Financial Group (NYSE:CFG - Get Free Report) had its price target boosted by Barclays from $47.00 to $52.00 in a report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the bank's stock. Barclays's price objective would indicate a potential upside of 16.02% from the company's previous close.
CFG has been the topic of a number of other reports. Evercore ISI decreased their price objective on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 2nd. Citigroup increased their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. 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. StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, DA Davidson lifted their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.71.
View Our Latest Stock Analysis on CFG
Citizens Financial Group Price Performance
Shares of NYSE CFG traded up $0.26 during midday trading on Monday, reaching $44.82. 4,662,548 shares of the stock traded hands, compared to its average volume of 3,321,616. The company's 50 day moving average is $45.32 and its 200 day moving average is $42.08. Citizens Financial Group has a one year low of $30.24 and a one year high of $49.25. The stock has a market capitalization of $19.75 billion, a PE ratio of 17.65, a P/E/G ratio of 1.76 and a beta of 1.10. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business's revenue was down 5.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. On average, equities research analysts anticipate that Citizens Financial Group will post 3.2 earnings per share for the current year.
Institutional Trading of Citizens Financial Group
A number of hedge funds have recently added to or reduced their stakes in the business. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group in the third quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Citizens Financial Group during the third quarter worth $48,000. Finally, Friedenthal Financial bought a new stake in Citizens Financial Group during the 3rd quarter valued at $50,000. 94.90% of the stock is owned by hedge funds and other institutional investors.
About Citizens Financial Group
(
Get Free Report)
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.
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