Todays Report: The Citizens Financial Group Inc. (NYSE:CFG) Receives $27.33 Consensus PT from Analysts

The Citizens Financial Group Inc. (NYSE:CFG) Receives $27.33 Consensus PT from Analysts

Citizens Financial Group Inc. (NYSE:CFG) has earned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the firm. Five investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $27.50.

Several research firms have weighed in on CFG. Wedbush began coverage on shares of Citizens Financial Group in a research note on Thursday. They set an “outperform” rating and a $29.00 target price for the company. Citigroup Inc. reiterated a “buy” rating and set a $26.00 target price on shares of Citizens Financial Group in a research note on Thursday. Credit Suisse Group AG boosted their target price on shares of Citizens Financial Group from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. TheStreet upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, September 23rd. Finally, Zacks Investment Research upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, July 25th.

A number of large investors have recently modified their holdings of CFG. Oliver Luxxe Assets LLC increased its stake in shares of Citizens Financial Group by 8.6% in the third quarter. Oliver Luxxe Assets LLC now owns 184,656 shares of the company’s stock worth $4,563,000 after buying an additional 14,562 shares during the last quarter. Bremer Trust National Association acquired a new stake in shares of Citizens Financial Group during the third quarter worth $2,239,000. Foundry Partners LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth $6,212,000. Copper Rock Capital Partners LLC increased its stake in shares of Citizens Financial Group by 100.7% in the third quarter. Copper Rock Capital Partners LLC now owns 21,070 shares of the company’s stock worth $507,000 after buying an additional 10,571 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Citizens Financial Group during the second quarter worth $427,000. 95.72% of the stock is owned by institutional investors.

Shares of Citizens Financial Group (NYSE:CFG) opened at 25.50 on Thursday. The firm has a market cap of $13.25 billion, a PE ratio of 15.10 and a beta of 1.19. The company has a 50 day moving average of $24.44 and a 200 day moving average of $22.63. Citizens Financial Group has a 52 week low of $18.04 and a 52 week high of $27.17.

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

Related posts

Leave a Comment