Citizens Financial Group (NYSE:CFG) Earns Buy Rating from Analysts at TD Cowen

TD Cowen initiated coverage on shares of Citizens Financial Group (NYSE:CFG) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $57.00 price target on the bank’s stock.

A number of other analysts have also weighed in on CFG. Morgan Stanley dropped their price objective on Citizens Financial Group from $54.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Barclays dropped their price target on shares of Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Truist Financial decreased their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Argus set a $45.00 target price on shares of Citizens Financial Group in a report on Thursday, April 24th. Finally, Royal Bank of Canada cut their target price on Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Eight 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 stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average target price of $46.78.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $41.84 on Thursday. The firm has a fifty day simple moving average of $38.49 and a two-hundred day simple moving average of $43.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group has a twelve month low of $32.60 and a twelve month high of $49.25. The company has a market capitalization of $18.29 billion, a PE ratio of 13.81, a P/E/G ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Research analysts expect that Citizens Financial Group will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.02%. Citizens Financial Group’s payout ratio is 53.33%.

Hedge Funds Weigh In On Citizens Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CFG. Ameriflex Group Inc. bought a new position in shares of Citizens Financial Group in the 4th quarter worth about $26,000. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Grove Bank & Trust lifted its holdings in shares of Citizens Financial Group by 97.1% during the first quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock valued at $28,000 after purchasing an additional 334 shares during the last quarter. Finally, Colonial Trust Co SC boosted its position in shares of Citizens Financial Group by 673.0% in the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank’s stock worth $39,000 after purchasing an additional 774 shares in the last quarter. Hedge funds and other 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.