Citizens Financial Group (NYSE:CFG) Now Covered by UBS Group

Investment analysts at UBS Group started coverage on shares of Citizens Financial Group (NYSE:CFG) in a research note issued to investors on Thursday, Price Targets.com reports. The brokerage set a “neutral” rating and a $58.00 price target on the bank’s stock. UBS Group’s price target indicates a potential upside of 2.93% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Jefferies Financial Group increased their target price on Citizens Financial Group from $47.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, October 11th. Morgan Stanley initiated coverage on Citizens Financial Group in a report on Tuesday. They issued an “overweight” rating and a $69.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Citizens Financial Group from $54.00 to $56.50 and gave the stock an “overweight” rating in a report on Thursday, January 6th. Barclays increased their target price on Citizens Financial Group from $55.00 to $62.00 in a report on Monday, January 3rd. Finally, Citigroup upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $53.00 to $65.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Buy” and a consensus target price of $53.90.

Citizens Financial Group stock opened at $56.35 on Thursday. The stock has a market capitalization of $24.02 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.57 and a beta of 1.61. Citizens Financial Group has a 52-week low of $35.09 and a 52-week high of $56.40. The stock’s 50 day moving average price is $48.90 and its two-hundred day moving average price is $46.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.91.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Tuesday, October 19th. The bank reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Citizens Financial Group had a return on equity of 10.99% and a net margin of 31.99%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned $0.73 EPS. On average, equities research analysts forecast that Citizens Financial Group will post 5.23 EPS for the current year.

Several institutional investors have recently made changes to their positions in CFG. Amundi purchased a new stake in shares of Citizens Financial Group during the 2nd quarter valued at $311,506,000. Goldman Sachs Group Inc. increased its position in shares of Citizens Financial Group by 256.4% during the 3rd quarter. Goldman Sachs Group Inc. now owns 7,974,305 shares of the bank’s stock valued at $374,633,000 after purchasing an additional 5,737,071 shares during the last quarter. FMR LLC increased its position in shares of Citizens Financial Group by 284.7% during the 2nd quarter. FMR LLC now owns 7,038,620 shares of the bank’s stock valued at $322,862,000 after purchasing an additional 5,208,964 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Citizens Financial Group by 207.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,665,802 shares of the bank’s stock valued at $305,761,000 after purchasing an additional 4,494,394 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Citizens Financial Group by 55.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 9,511,540 shares of the bank’s stock valued at $446,852,000 after purchasing an additional 3,411,990 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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