Citizens Financial Group's (CFG) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• Citizens Financial Group (CFG) received a "hold (C+)" rating from Weiss Ratings in a recent report, reaffirming the stock's status.
• Barclays increased its price target for CFG from $55.00 to $56.00, while Bank of America upgraded its rating from "neutral" to "buy" with a new target of $65.00.
• Citizens Financial reported an EPS of $1.05 for the quarter, surpassing analysts' expectations and showing a year-over-year revenue growth of 11.4%.

Citizens Financial Group (NYSE:CFG - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

CFG has been the subject of a number of other reports. Barclays increased their price target on Citizens Financial Group from $55.00 to $56.00 and gave the company an "equal weight" rating in a research note on Thursday, October 16th. Cantor Fitzgerald initiated coverage on Citizens Financial Group in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $61.00 price objective for the company. Stephens reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Citizens Financial Group in a research note on Thursday, October 16th. Truist Financial lowered their price objective on Citizens Financial Group from $58.00 to $56.00 and set a "hold" rating for the company in a research note on Friday, October 17th. Finally, Bank of America raised Citizens Financial Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $52.00 to $65.00 in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and an average target price of $56.57.

Citizens Financial Group Price Performance

Citizens Financial Group stock traded up $1.26 during midday trading on Friday, reaching $52.22. 3,134,913 shares of the stock traded hands, compared to its average volume of 5,398,640. The stock's fifty day moving average is $51.64 and its 200-day moving average is $45.64. Citizens Financial Group has a 12 month low of $32.60 and a 12 month high of $55.24. The stock has a market cap of $22.52 billion, a P/E ratio of 14.63, a PEG ratio of 0.54 and a beta of 0.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.02. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm's revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Investors Weigh In On Citizens Financial Group

Institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Citizens Financial Group by 19.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,870 shares of the bank's stock worth $2,248,000 after acquiring an additional 8,851 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Citizens Financial Group by 425.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 26,104 shares of the bank's stock worth $1,069,000 after acquiring an additional 21,138 shares during the last quarter. World Investment Advisors bought a new stake in shares of Citizens Financial Group during the 1st quarter worth approximately $410,000. OneDigital Investment Advisors LLC lifted its stake in shares of Citizens Financial Group by 37.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,126 shares of the bank's stock worth $292,000 after acquiring an additional 1,957 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of Citizens Financial Group by 12.0% during the 1st quarter. IFM Investors Pty Ltd now owns 107,788 shares of the bank's stock worth $4,427,000 after acquiring an additional 11,521 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.

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