Citizens Financial Group (NYSE:CFG) Price Target Raised to $53.00

Citizens Financial Group (NYSE:CFG) had its price target hoisted by stock analysts at Keefe, Bruyette & Woods from $46.00 to $53.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 13.32% from the company’s current price.

A number of other brokerages have also issued reports on CFG. Barclays increased their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group raised their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup upped their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada raised their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.27.

Citizens Financial Group Trading Up 0.4 %

Shares of NYSE:CFG opened at $46.77 on Wednesday. The business has a 50 day moving average of $44.03 and a 200-day moving average of $40.49. The stock has a market cap of $20.61 billion, a PE ratio of 18.41, a P/E/G ratio of 1.78 and a beta of 1.08. Citizens Financial Group has a 12-month low of $28.72 and a 12-month high of $49.25. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities research analysts forecast that Citizens Financial Group will post 3.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Commerce Bank increased its position in shares of Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after buying an additional 250 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Citizens Financial Group by 12.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after acquiring an additional 264 shares during the period. Cobblestone Capital Advisors LLC NY raised its position in shares of Citizens Financial Group by 2.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 11,395 shares of the bank’s stock worth $468,000 after acquiring an additional 280 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its stake in shares of Citizens Financial Group by 0.3% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock valued at $3,648,000 after purchasing an additional 308 shares during the period. Finally, SYM FINANCIAL Corp boosted its position in shares of Citizens Financial Group by 4.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 6,976 shares of the bank’s stock valued at $287,000 after purchasing an additional 322 shares in the last quarter. Institutional investors and hedge funds 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.