Stephens Reaffirms Overweight Rating for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG - Get Free Report)'s stock had its "overweight" rating reaffirmed by investment analysts at Stephens in a report issued on Wednesday,Benzinga reports. They presently have a $53.00 target price on the bank's stock. Stephens' price target suggests a potential upside of 9.58% from the stock's current price.

CFG has been the topic of several other reports. Evercore ISI cut their price target on shares of 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. Barclays upped their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Royal Bank of Canada upped their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

Citizens Financial Group Stock Up 1.6 %

CFG traded up $0.75 during trading on Wednesday, hitting $48.37. The company had a trading volume of 3,827,643 shares, compared to its average volume of 3,853,516. The company has a market capitalization of $21.31 billion, a PE ratio of 15.96, a PEG ratio of 0.82 and a beta of 1.10. Citizens Financial Group has a one year low of $30.24 and a one year high of $49.25. The firm's 50-day moving average price is $45.82 and its 200 day moving average price is $43.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect that Citizens Financial Group will post 3.94 earnings per share for the current year.

Hedge Funds Weigh In On Citizens Financial Group

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after buying an additional 5,579,313 shares during the period. State Street Corp lifted its holdings in Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank's stock valued at $1,060,689,000 after buying an additional 1,615,144 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Citizens Financial Group by 85.6% in the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank's stock valued at $83,933,000 after buying an additional 942,662 shares during the period. Bank of Montreal Can lifted its holdings in Citizens Financial Group by 51.1% in the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after buying an additional 894,322 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Citizens Financial Group by 124.8% in the third quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank's stock valued at $62,063,000 after buying an additional 838,917 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.