Citizens Financial Group (NYSE:CFG) Price Target Raised to $58.00 at Citigroup

Citizens Financial Group (NYSE:CFG) had its price target raised by analysts at Citigroup from $50.00 to $58.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Citigroup’s price objective points to a potential upside of 23.17% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Morgan Stanley boosted their target price on Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.80.

Citizens Financial Group Stock Performance

NYSE:CFG traded up $0.97 on Thursday, hitting $47.09. The company’s stock had a trading volume of 589,301 shares, compared to its average volume of 5,262,101. Citizens Financial Group has a one year low of $26.13 and a one year high of $48.35. The firm has a market capitalization of $20.75 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07. The stock has a fifty day moving average of $42.54 and a two-hundred day moving average of $39.65. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm earned $0.85 earnings per share. Citizens Financial Group’s revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts predict that Citizens Financial Group will post 3.2 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in Citizens Financial Group during the second quarter worth about $25,000. Costello Asset Management INC bought a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $28,000. Finally, Versant Capital Management Inc lifted its holdings in Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares during the period. 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.