Truist Financial Has Lowered Expectations for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price objective lowered by equities research analysts at Truist Financial from $54.00 to $51.00 in a report released on Friday,Benzinga reports. The firm presently has a "hold" rating on the bank's stock. Truist Financial's price target suggests a potential upside of 21.08% from the company's previous close.

A number of other research analysts also recently issued reports on the stock. Citigroup boosted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Stephens restated an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Barclays increased their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research note on Tuesday, January 21st. Finally, Compass Point raised their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Nine investment 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.67.

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Citizens Financial Group Trading Up 2.3 %

CFG traded up $0.93 during trading on Friday, reaching $42.12. 1,326,609 shares of the company's stock were exchanged, compared to its average volume of 4,327,271. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group has a one year low of $32.06 and a one year high of $49.25. The firm has a fifty day moving average price of $45.12 and a two-hundred day moving average price of $44.12. The stock has a market capitalization of $18.41 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted 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 business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities research analysts forecast that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citizens Financial Group

Hedge funds have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. bought a new position in shares of Citizens Financial Group in the fourth quarter valued at approximately $26,000. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group during the 4th quarter worth $28,000. Colonial Trust Co SC grew its stake in shares of Citizens Financial Group by 673.0% in the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock worth $39,000 after acquiring an additional 774 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $47,000. Institutional investors and hedge funds 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.