Keefe, Bruyette & Woods Issues Pessimistic Forecast for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG) had its target price lowered by equities researchers at Keefe, Bruyette & Woods from $49.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 27.01% from the stock’s current price.

A number of other equities research analysts also recently weighed in on CFG. Stephens reaffirmed an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Raymond James reiterated a “strong-buy” rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Barclays raised their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Morgan Stanley dropped their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Finally, Truist Financial lowered their price objective on shares of Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a report on Friday, March 21st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $48.44.

Citizens Financial Group Trading Down 1.9 %

NYSE:CFG opened at $35.43 on Thursday. Citizens Financial Group has a 1 year low of $32.60 and a 1 year high of $49.25. The stock’s fifty day moving average price is $41.36 and its two-hundred 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. The company has a market cap of $15.49 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 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 $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. As a group, analysts expect that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Trading of Citizens Financial Group

Hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Citizens Financial Group during the fourth quarter worth about $243,431,000. Wellington Management Group LLP grew its position in Citizens Financial Group by 27.8% during the 4th quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock valued at $462,547,000 after purchasing an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank’s stock worth $423,733,000 after buying an additional 1,672,204 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Citizens Financial Group by 32.2% during the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank’s stock valued at $270,715,000 after acquiring an additional 1,507,536 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Citizens Financial Group in the 4th quarter worth approximately $56,483,000. Institutional investors 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.