Citizens Financial Group, Inc. (NYSE:CFG) Receives $43.07 Average Price Target from Brokerages

Citizens Financial Group, Inc. (NYSE:CFG) has been assigned a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.07.

Several equities research analysts have issued reports on CFG shares. Jefferies Financial Group lifted their price target on Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Stephens boosted their target price on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Evercore ISI lowered their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Morgan Stanley boosted their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group boosted their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, July 18th.

Citizens Financial Group Trading Up 0.5 %

Shares of CFG stock opened at $43.49 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $41.14 and a two-hundred day moving average price of $37.94. Citizens Financial Group has a 12-month low of $22.77 and a 12-month high of $44.39. The firm has a market cap of $19.79 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the firm earned $0.92 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities analysts anticipate that Citizens Financial Group will post 3.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the transaction, the insider now owns 33,620 shares in the company, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Citizens Financial Group by 35.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after acquiring an additional 20,649 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Citizens Financial Group by 101.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after acquiring an additional 383,947 shares during the period. Duality Advisers LP purchased a new stake in shares of Citizens Financial Group in the 1st quarter worth approximately $1,180,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $5,965,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Citizens Financial Group in the 1st quarter worth approximately $930,000. Hedge funds and other 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.