Citizens Financial Group (NYSE:CFG - Get Free Report) had its price target hoisted by equities researchers at UBS Group from $50.00 to $53.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the bank's stock. UBS Group's price target points to a potential upside of 31.42% from the company's current price.
A number of other brokerages also recently commented on CFG. Jefferies Financial Group started coverage on Citizens Financial Group in a research report on Wednesday, May 21st. They set a "buy" rating and a $50.00 price objective for the company. TD Cowen started coverage on shares of Citizens Financial Group in a research note on Thursday, May 15th. They set a "buy" rating and a $57.00 price target on the stock. The Goldman Sachs Group reduced their target price on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Piper Sandler dropped their target price on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Royal Bank of Canada decreased their price target on shares of 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. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $47.89.
View Our Latest Research Report on CFG
Citizens Financial Group Price Performance
Shares of NYSE:CFG traded up $0.07 during midday trading on Friday, reaching $40.33. 7,319,253 shares of the company's stock traded hands, compared to its average volume of 4,829,262. Citizens Financial Group has a 1 year low of $32.60 and a 1 year high of $49.25. The company has a market cap of $17.63 billion, a P/E ratio of 13.31, a PEG ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day simple moving average of $38.32 and a two-hundred day simple moving average of $42.83.
Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results 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. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Equities analysts predict that Citizens Financial Group will post 3.92 EPS for the current fiscal year.
Institutional Investors Weigh In On Citizens Financial Group
Several hedge funds and other institutional investors have recently bought and sold shares of CFG. Norges Bank bought a new stake in Citizens Financial Group in the fourth quarter worth about $243,431,000. AustralianSuper Pty Ltd bought a new stake in Citizens Financial Group in the first quarter worth about $108,864,000. Wellington Management Group LLP raised its position in Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock worth $462,547,000 after acquiring an additional 2,298,040 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock worth $423,733,000 after acquiring an additional 1,672,204 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Citizens Financial Group by 32.2% in the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock worth $270,715,000 after acquiring an additional 1,507,536 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.
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.
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