DA Davidson Reaffirms "Buy" Rating for Citizens Financial Group (NYSE:CFG)

Key Points

• DA Davidson has reaffirmed a "Buy" rating for Citizens Financial Group (NYSE:CFG), with a price target of $59.00, suggesting a potential upside of 16.51% from the current stock price.
• Other analysts, including Morgan Stanley and JPMorgan Chase, have upgraded their ratings for Citizens Financial Group, with price targets reaching up to $71.00.
• Citizens Financial Group reported earnings of $1.05 per share for the quarter, surpassing analysts' expectations, and saw an 11.4% increase in revenue compared to the same quarter last year.

Citizens Financial Group (NYSE:CFG - Get Free Report)'s stock had its "buy" rating reaffirmed by DA Davidson in a research report issued on Thursday,Benzinga reports. They currently have a $59.00 price target on the bank's stock. DA Davidson's price target would suggest a potential upside of 16.51% from the stock's current price.

Other analysts also recently issued research reports about the stock. Morgan Stanley raised shares of Citizens Financial Group from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $53.00 to $71.00 in a report on Monday, September 29th. Wall Street Zen raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Barclays boosted their price objective on shares of Citizens Financial Group from $55.00 to $56.00 and gave the company an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of Citizens Financial Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $48.50 to $52.00 in a research report on Friday, August 1st. Finally, Evercore ISI boosted their price objective on shares of Citizens Financial Group from $57.00 to $61.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.10.

Citizens Financial Group Price Performance

Shares of CFG traded down $1.06 on Thursday, reaching $50.64. The stock had a trading volume of 1,057,067 shares, compared to its average volume of 4,736,905. Citizens Financial Group has a twelve month low of $32.60 and a twelve month high of $55.24. The firm has a market capitalization of $21.84 billion, a PE ratio of 15.40, a PEG ratio of 0.58 and a beta of 0.79. The firm has a 50-day moving average of $51.29 and a 200 day moving average of $45.02. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. Citizens Financial Group had a return on equity of 6.94% and a net margin of 13.26%.The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the business earned $0.79 earnings per share. Citizens Financial Group's quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts expect that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Investors Weigh In On Citizens Financial Group

Several institutional investors have recently bought and sold shares of the business. Grove Bank & Trust boosted 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 boosted 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. Trust Co. of Vermont boosted its stake in shares of Citizens Financial Group by 177.5% in the second quarter. Trust Co. of Vermont now owns 641 shares of the bank's stock valued at $29,000 after purchasing an additional 410 shares during the period. GoalVest Advisory LLC boosted its stake in shares of Citizens Financial Group by 16,900.0% in the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank's stock valued at $30,000 after purchasing an additional 676 shares during the period. Finally, REAP Financial Group LLC boosted its stake in shares of Citizens Financial Group by 72.4% in the second quarter. REAP Financial Group LLC now owns 736 shares of the bank's stock valued at $33,000 after purchasing an additional 309 shares during the period. 94.90% of the stock is currently owned by hedge funds and other 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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