DA Davidson Issues Pessimistic Forecast for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG) had its target price dropped by investment analysts at DA Davidson from $53.00 to $49.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. DA Davidson’s price target would indicate a potential upside of 36.13% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Piper Sandler cut their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday. Raymond James restated a “strong-buy” rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price objective on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Truist Financial cut their target price on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Thursday. Nine investment 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.28.

Citizens Financial Group Stock Up 1.5 %

Shares of Citizens Financial Group stock traded up $0.53 during trading on Thursday, hitting $35.99. 1,667,952 shares of the stock were exchanged, compared to its average volume of 4,796,282. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The firm’s 50-day moving average price is $41.36 and its 200 day moving average price is $43.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a 12-month low of $32.60 and a 12-month high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. As a group, 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

Institutional investors have recently modified their holdings of the company. Great Valley Advisor Group Inc. grew its stake in Citizens Financial Group by 0.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank’s stock worth $1,740,000 after buying an additional 224 shares during the period. My Legacy Advisors LLC increased its position in shares of Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after acquiring an additional 229 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after buying an additional 233 shares during the last quarter. 1620 Investment Advisors Inc. boosted its stake in Citizens Financial Group by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after acquiring an additional 238 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after purchasing an additional 246 shares in the last quarter. 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.