Citizens Financial Group (NYSE:CFG) Price Target Raised to $56.00

Citizens Financial Group (NYSE:CFG) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $53.00 to $56.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 17.84% from the company’s current price.

A number of other analysts have also commented on CFG. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Compass Point lifted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Raymond James upgraded Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Nine 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.94.

Citizens Financial Group Trading Up 1.5 %

Shares of Citizens Financial Group stock opened at $47.52 on Tuesday. The company has a 50-day moving average of $45.64 and a two-hundred day moving average of $42.71. The stock has a market cap of $20.94 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. Citizens Financial Group has a 12-month low of $30.24 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 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 $1.99 billion for the quarter, compared to analysts’ expectations of $1,962,330 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s revenue was down .1% on a year-over-year basis. On average, research analysts anticipate that Citizens Financial Group will post 3.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Group

A number of hedge funds have recently modified their holdings of CFG. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $8,134,000. Versor Investments LP purchased a new position in shares of Citizens Financial Group in the third quarter valued at $1,910,000. Nordea Investment Management AB lifted its holdings in Citizens Financial Group by 19.3% during the 4th quarter. Nordea Investment Management AB now owns 4,974,434 shares of the bank’s stock worth $217,781,000 after purchasing an additional 805,758 shares in the last quarter. Franklin Resources Inc. grew its holdings in Citizens Financial Group by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock valued at $28,368,000 after buying an additional 29,940 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Citizens Financial Group during the third quarter valued at about $590,000. 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.