The Citizens Financial Group Inc. (CFG) PT Raised to $29.00

The Citizens Financial Group Inc. (CFG) PT Raised to $29.00

Citizens Financial Group Inc. (NYSE:CFG) had its price objective raised by equities researchers at Citigroup Inc. from $26.00 to $29.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s target price indicates a potential upside of 18.27% from the company’s previous close.

CFG has been the topic of a number of other reports. Credit Suisse Group AG lifted their price target on shares of Citizens Financial Group from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. TheStreet upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Deutsche Bank AG reiterated a “buy” rating on shares of Citizens Financial Group in a report on Wednesday, June 15th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Finally, Wedbush started coverage on shares of Citizens Financial Group in a report on Thursday, October 6th. They issued an “outperform” rating and a $29.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.46.

Shares of Citizens Financial Group (NYSE:CFG) opened at 24.52 on Wednesday. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 14.52 and a beta of 1.19. Citizens Financial Group has a 12-month low of $18.04 and a 12-month high of $27.17. The stock’s 50 day moving average is $24.62 and its 200-day moving average is $22.72.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Citizens Financial Group had a net margin of 16.72% and a return on equity of 4.62%. Citizens Financial Group’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. On average, analysts expect that Citizens Financial Group will post $1.85 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in shares of Citizens Financial Group during the first quarter valued at approximately $33,774,000. ING Groep NV increased its position in shares of Citizens Financial Group by 34.7% in the second quarter. ING Groep NV now owns 700,716 shares of the company’s stock valued at $14,000,000 after buying an additional 180,605 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Citizens Financial Group by 30.5% in the first quarter. Geode Capital Management LLC now owns 4,386,735 shares of the company’s stock valued at $91,720,000 after buying an additional 1,026,505 shares during the last quarter. Legal & General Group Plc increased its position in shares of Citizens Financial Group by 15.5% in the first quarter. Legal & General Group Plc now owns 2,229,891 shares of the company’s stock valued at $46,718,000 after buying an additional 298,672 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Citizens Financial Group by 2,882.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 271,110 shares of the company’s stock valued at $5,680,000 after buying an additional 262,019 shares during the last quarter. Institutional investors own 95.72% of the company’s stock.

About Citizens Financial Group

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