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

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

A number of other research firms have also commented on CFG. Truist Financial initiated coverage on Citizens Financial Group in a report on Tuesday, January 7th. They issued a “hold” rating and a $49.00 target price for the company. The Goldman Sachs Group boosted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Citigroup raised their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Piper Sandler boosted their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Compass Point raised their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.94.

Citizens Financial Group Trading Up 1.5 %

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

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, analysts forecast that Citizens Financial Group will post 3.85 earnings per share for the current year.

Institutional Trading of Citizens Financial Group

Several institutional investors have recently bought and sold shares of CFG. American Century Companies Inc. grew its stake in Citizens Financial Group by 2.6% in the 2nd quarter. American Century Companies Inc. now owns 204,454 shares of the bank’s stock valued at $7,366,000 after acquiring an additional 5,191 shares during the period. Intech Investment Management LLC raised its position in shares of Citizens Financial Group by 104.9% during the 2nd quarter. Intech Investment Management LLC now owns 11,359 shares of the bank’s stock worth $409,000 after purchasing an additional 5,815 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Citizens Financial Group by 4.3% in the 2nd quarter. Pacer Advisors Inc. now owns 33,751 shares of the bank’s stock worth $1,216,000 after buying an additional 1,379 shares during the last quarter. Sei Investments Co. increased its stake in Citizens Financial Group by 2.6% during the 2nd quarter. Sei Investments Co. now owns 219,866 shares of the bank’s stock worth $7,922,000 after buying an additional 5,627 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Citizens Financial Group by 1.3% in the second quarter. ProShare Advisors LLC now owns 111,418 shares of the bank’s stock valued at $4,014,000 after acquiring an additional 1,457 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

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.