Citizens Financial Group (NYSE:CFG - Get Free Report) had its price objective cut by analysts at JPMorgan Chase & Co. from $49.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 22.78% from the company's current price.
Several other equities research analysts have also recently commented on the company. Raymond James restated a "strong-buy" rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Morgan Stanley reduced their price target on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Citigroup cut their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Compass Point boosted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, Stephens reaffirmed an "overweight" rating and set a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.06.
Check Out Our Latest Stock Report on CFG
Citizens Financial Group Stock Performance
Shares of CFG traded up $0.18 during midday trading on Thursday, reaching $35.02. 2,081,690 shares of the stock were exchanged, compared to its average volume of 4,716,288. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a twelve month low of $32.06 and a twelve month high of $49.25. The business's 50-day moving average price is $43.52 and its 200 day moving average price is $44.05.
Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, sell-side analysts expect that Citizens Financial Group will post 3.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Ameriflex Group Inc. purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at $26,000. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group in the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Citizens Financial Group in the 4th quarter valued at about $28,000. Colonial Trust Co SC increased its stake in shares of Citizens Financial Group by 673.0% during the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock valued at $39,000 after acquiring an additional 774 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Citizens Financial Group during the 4th quarter worth about $47,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.
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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