Citizens Financial Group (NYSE:CFG) had its price target hoisted by equities researchers at Royal Bank of Canada from $40.00 to $43.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the bank’s stock. Royal Bank of Canada’s target price indicates a potential upside of 6.95% from the stock’s current price.
A number of other research firms also recently issued reports on CFG. Zacks Investment Research raised Citizens Financial Group from a “strong sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research note on Wednesday, October 23rd. Citigroup raised Citizens Financial Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $32.00 to $41.00 in a research note on Monday, December 16th. Morgan Stanley reduced their price target on Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Stephens upped their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, ValuEngine downgraded Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.95.
Shares of CFG traded down $0.66 during trading hours on Tuesday, hitting $40.21. The company had a trading volume of 718,957 shares, compared to its average volume of 2,793,195. Citizens Financial Group has a 12 month low of $31.30 and a 12 month high of $41.29. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 2.40 and a beta of 1.50. The business has a fifty day moving average of $39.94 and a 200-day moving average of $36.61. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.68.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.63 billion. Citizens Financial Group had a net margin of 22.20% and a return on equity of 8.75%. Citizens Financial Group’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. On average, equities analysts expect that Citizens Financial Group will post 3.81 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen Asset Management LLC raised its stake in Citizens Financial Group by 67,645.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,455,935 shares of the bank’s stock valued at $299,002,000 after purchasing an additional 8,443,453 shares during the period. Millennium Management LLC grew its position in Citizens Financial Group by 893.1% in the third quarter. Millennium Management LLC now owns 4,802,971 shares of the bank’s stock worth $169,881,000 after buying an additional 4,319,352 shares during the last quarter. AQR Capital Management LLC boosted its stake in Citizens Financial Group by 160.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,401,671 shares of the bank’s stock worth $49,563,000 after purchasing an additional 862,692 shares during the period. Hexavest Inc. acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at $34,786,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Citizens Financial Group by 163.0% in the 3rd quarter. Squarepoint Ops LLC now owns 1,052,886 shares of the bank’s stock valued at $37,241,000 after purchasing an additional 652,584 shares during the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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