Truist Financial Has Lowered Expectations for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price objective cut by Truist Financial from $51.00 to $43.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the bank's stock. Truist Financial's price objective points to a potential upside of 21.61% from the company's current price.

Several other brokerages have also commented on CFG. Barclays increased their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Morgan Stanley decreased their target price on Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Stephens restated an "overweight" rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their target price on shares of Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.82.

Citizens Financial Group Stock Up 2.5 %

Citizens Financial Group stock traded up $0.87 during mid-day trading on Thursday, hitting $35.36. The company's stock had a trading volume of 1,944,348 shares, compared to its average volume of 4,780,449. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $49.25. The firm's 50 day moving average is $40.65 and its 200 day moving average is $43.59. The company has a market cap of $15.46 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. On average, analysts anticipate that Citizens Financial Group will post 3.92 earnings per share for the current year.

Hedge Funds Weigh In On Citizens Financial Group

Several institutional investors 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 fourth quarter valued at approximately $26,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Citizens Financial Group in the fourth quarter valued at about $28,000. Grove Bank & Trust lifted its position in Citizens Financial Group by 97.1% during the 1st quarter. Grove Bank & Trust now owns 678 shares of the bank's stock worth $28,000 after buying an additional 334 shares in the last quarter. Finally, Colonial Trust Co SC grew its holdings in Citizens Financial Group by 673.0% during the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock worth $39,000 after acquiring an additional 774 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

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.