Citizens Financial Group (NYSE:CFG) Given New $53.00 Price Target at UBS Group

Citizens Financial Group (NYSE:CFG - Get Free Report) had its target price increased by research analysts at UBS Group from $50.00 to $53.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the bank's stock. UBS Group's target price points to a potential upside of 29.81% from the company's previous close.

CFG has been the subject of a number of other research reports. DA Davidson lowered their price objective on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Cowen began coverage on Citizens Financial Group in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Citigroup dropped their price target on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada cut their price objective on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley decreased 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 report 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. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.89.

Citizens Financial Group Trading Up 1.9%

Shares of CFG stock traded up $0.77 on Friday, reaching $40.83. The company had a trading volume of 1,708,114 shares, compared to its average volume of 4,817,613. The stock has a market cap of $17.85 billion, a PE ratio of 13.48, a PEG ratio of 0.81 and a beta of 0.74. The company has a 50-day moving average of $38.28 and a 200-day moving average of $42.76. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group has a 12 month low of $32.60 and a 12 month high of $49.25.

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

Hedge Funds Weigh In On Citizens Financial Group

Several hedge funds have recently modified their holdings of CFG. Ameriflex Group Inc. acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $26,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $28,000. Grove Bank & Trust boosted its holdings in shares of Citizens Financial Group by 97.1% in the 1st quarter. Grove Bank & Trust now owns 678 shares of the bank's stock valued at $28,000 after buying an additional 334 shares during the last quarter. Finally, Colonial Trust Co SC grew its stake in shares of Citizens Financial Group by 673.0% in the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock valued at $39,000 after buying an additional 774 shares in the last quarter. 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.