Morgan Stanley Lowers Citizens Financial Group (NYSE:CFG) Price Target to $54.00

Citizens Financial Group (NYSE:CFG) had its price objective decreased by equities researchers at Morgan Stanley from $60.00 to $54.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Morgan Stanley’s price objective points to a potential upside of 32.63% from the company’s current price.

Other equities analysts have also issued reports about the stock. Raymond James restated a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Stephens reissued an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Piper Sandler raised their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Barclays raised their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Compass Point lifted their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.22.

Citizens Financial Group Price Performance

NYSE:CFG opened at $40.72 on Thursday. The firm has a market cap of $17.80 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Citizens Financial Group has a 12 month low of $32.06 and a 12 month high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $45.46 and its two-hundred day moving average price is $44.16.

Citizens Financial Group (NYSE:CFG) last announced 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. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens Financial Group

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. bought a new position in Citizens Financial Group during the fourth quarter worth about $26,000. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group in the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Citizens Financial Group in the fourth quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the third quarter valued at approximately $27,000. Finally, Colonial Trust Co SC grew its holdings in shares of Citizens Financial Group by 673.0% in the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank’s stock worth $39,000 after purchasing an additional 774 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

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.