DA Davidson Boosts Citizens Financial Group (NYSE:CFG) Price Target to $48.00

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price objective boosted by DA Davidson from $46.00 to $48.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the bank's stock. DA Davidson's target price would indicate a potential upside of 13.91% from the company's previous close.

Several other research firms also recently commented on CFG. The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. Morgan Stanley lifted their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. UBS Group lifted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group lifted their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $43.80.

Citizens Financial Group Price Performance

CFG traded down $0.27 on Thursday, reaching $42.14. The company had a trading volume of 7,366,640 shares, compared to its average volume of 5,387,245. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.42 and a beta of 1.07. Citizens Financial Group has a 52-week low of $22.77 and a 52-week high of $44.39. The business has a 50 day simple moving average of $41.22 and a 200 day simple moving average of $37.97. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm 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 10.74% and a return on equity of 6.21%. The business's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. As a group, sell-side analysts anticipate that Citizens Financial Group will post 3.22 EPS for the current year.

Insider Activity

In other news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the transaction, the insider now owns 33,620 shares of the company's stock, valued at $1,454,401.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company's stock.

Hedge Funds Weigh In On Citizens Financial Group

Several large investors have recently modified their holdings of CFG. Innealta Capital LLC purchased a new position in shares of Citizens Financial Group in the 2nd quarter worth about $25,000. Versant Capital Management Inc raised its position in Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock worth $34,000 after buying an additional 678 shares during the last quarter. Private Ocean LLC raised its position in Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock worth $36,000 after buying an additional 838 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Citizens Financial Group in the 2nd quarter worth about $48,000. Finally, Atlas Capital Advisors LLC purchased a new position in Citizens Financial Group in the 2nd quarter worth about $48,000. 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.