Citizens Financial Group (NYSE:CFG - Get Free Report) had its price target boosted by investment analysts at Barclays from $49.00 to $55.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the bank's stock. Barclays's price objective would indicate a potential upside of 13.06% from the stock's current price.
Other analysts have also recently issued research reports about the company. Citigroup restated a "buy" rating and set a $57.00 target price (up previously from $51.00) on shares of Citizens Financial Group in a report on Wednesday, July 2nd. The Goldman Sachs Group reduced their price objective on Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Royal Bank Of Canada dropped their target price on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Argus set a $45.00 price target on Citizens Financial Group in a report on Thursday, April 24th. Finally, Evercore ISI raised Citizens Financial Group from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $48.00 to $55.00 in a report on Friday. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.89.
Get Our Latest Analysis on Citizens Financial Group
Citizens Financial Group Price Performance
CFG stock traded down $0.18 during trading on Friday, hitting $48.65. The company had a trading volume of 3,753,555 shares, compared to its average volume of 4,842,270. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $42.86 and a two-hundred day moving average price of $42.40. Citizens Financial Group has a fifty-two week low of $32.60 and a fifty-two week high of $49.64. The company has a market cap of $21.26 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.80 and a beta of 0.76.
Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.04. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. Citizens Financial Group had a net margin of 12.76% and a return on equity of 6.84%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. Equities research analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.
Citizens Financial Group declared that its board has authorized a stock repurchase program on Friday, June 13th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the bank to purchase up to 8.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Hedge Funds Weigh In On Citizens Financial Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Heartland Bank & Trust Co acquired a new stake in Citizens Financial Group during the 1st quarter valued at $398,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Citizens Financial Group by 19.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,870 shares of the bank's stock valued at $2,248,000 after purchasing an additional 8,851 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Citizens Financial Group by 425.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 26,104 shares of the bank's stock valued at $1,069,000 after acquiring an additional 21,138 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in Citizens Financial Group by 37.9% in the first quarter. OneDigital Investment Advisors LLC now owns 7,126 shares of the bank's stock valued at $292,000 after purchasing an additional 1,957 shares in the last quarter. Finally, World Investment Advisors bought a new position in Citizens Financial Group in the first quarter valued at about $410,000. Institutional investors own 94.90% of the company's stock.
About Citizens Financial Group
(
Get Free Report)
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.
Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Citizens Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citizens Financial Group wasn't on the list.
While Citizens Financial Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.