Citizens Financial Group (NYSE:CFG) Coverage Initiated by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group started coverage on shares of Citizens Financial Group (NYSE:CFG - Get Free Report) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a "buy" rating and a $50.00 price target on the bank's stock. Jefferies Financial Group's target price suggests a potential upside of 26.25% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Citigroup dropped their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a report on Monday, March 24th. TD Cowen assumed coverage on Citizens Financial Group in a research note on Thursday, May 15th. They set a "buy" rating and a $57.00 price objective for the company. The Goldman Sachs Group cut 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. JPMorgan Chase & Co. lowered their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, DA Davidson cut their price target on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Seven 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.50.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $0.17 during trading hours on Wednesday, reaching $39.61. 3,461,333 shares of the stock traded hands, compared to its average volume of 4,806,824. The company has a market capitalization of $17.31 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $49.25. The company's 50-day simple moving average is $38.47 and its two-hundred day simple moving average is $43.08.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced 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. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Equities research analysts forecast that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Trading of Citizens Financial Group

A number of institutional investors have recently made changes to their positions in CFG. Geneos Wealth Management Inc. lifted its holdings in Citizens Financial Group by 29.3% in the first quarter. Geneos Wealth Management Inc. now owns 7,475 shares of the bank's stock valued at $306,000 after acquiring an additional 1,693 shares during the period. Ransom Advisory Ltd bought a new position in Citizens Financial Group in the first quarter worth approximately $977,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Citizens Financial Group by 6.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,583,034 shares of the bank's stock worth $146,797,000 after acquiring an additional 204,402 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Citizens Financial Group by 39.5% during the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank's stock worth $1,513,000 after acquiring an additional 10,466 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Citizens Financial Group by 6.7% during the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank's stock valued at $362,000 after acquiring an additional 554 shares during the period. Hedge funds and other institutional investors 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.