Citizens Financial Group (NYSE:CFG) Price Target Raised to $55.00 at DA Davidson

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price objective boosted by analysts at DA Davidson from $49.00 to $55.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the bank's stock. DA Davidson's price target would indicate a potential upside of 12.63% from the stock's current price.

A number of other equities analysts have also recently weighed in on CFG. Stephens decreased their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Truist Financial decreased their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Piper Sandler reduced their price target on shares of Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group increased their price target on shares of Citizens Financial Group from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.58.

Citizens Financial Group Stock Up 0.0%

Citizens Financial Group stock traded up $0.01 during trading on Friday, reaching $48.83. 2,503,550 shares of the company's stock were exchanged, compared to its average volume of 4,837,387. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.85. The company's 50-day moving average is $42.86 and its two-hundred day moving average is $42.40. The firm has a market cap of $21.35 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 0.80 and a beta of 0.76. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $49.64.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. On average, analysts predict that Citizens Financial Group will post 3.92 earnings per share for the current year.

Citizens Financial Group announced that its Board of Directors has approved a stock repurchase plan on Friday, June 13th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the bank to reacquire up to 8.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Citizens Financial Group

Large investors have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $26,000. Grove Bank & Trust increased its stake in shares of Citizens Financial Group by 97.1% in the first quarter. Grove Bank & Trust now owns 678 shares of the bank's stock valued at $28,000 after purchasing an additional 334 shares during the period. Investors Research Corp increased its stake in shares of Citizens Financial Group by 344.8% in the second quarter. Investors Research Corp now owns 645 shares of the bank's stock valued at $29,000 after purchasing an additional 500 shares during the period. Colonial Trust Co SC increased 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 purchasing an additional 774 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Citizens Financial Group by 143.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank's stock valued at $44,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

About Citizens Financial Group

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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