Citizens Financial Group (NYSE:CFG) Given New $39.00 Price Target at Argus

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price objective hoisted by research analysts at Argus from $36.00 to $39.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the bank's stock. Argus' price target would indicate a potential upside of 9.80% from the company's current price.

CFG has been the topic of several other reports. Jefferies Financial Group lifted their price objective on Citizens Financial Group from $35.00 to $36.00 and gave the company a "hold" rating in a research note on Monday, April 8th. Morgan Stanley lifted their price objective on Citizens Financial Group from $31.00 to $39.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. Citigroup lifted their price objective on Citizens Financial Group from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Wedbush reduced their price objective on Citizens Financial Group from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, April 18th. Finally, Barclays downgraded Citizens Financial Group from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $38.00 to $40.00 in a report on Tuesday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group presently has an average rating of "Hold" and a consensus target price of $36.13.

Citizens Financial Group Price Performance

Shares of CFG traded up $0.55 during trading hours on Wednesday, reaching $35.52. 4,157,778 shares of the company traded hands, compared to its average volume of 5,867,240. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $16.28 billion, a PE ratio of 12.87 and a beta of 1.38. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The stock has a fifty day simple moving average of $33.54 and a 200 day simple moving average of $30.86.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The firm's quarterly revenue was down 7.9% on a year-over-year basis. As a group, research analysts predict that Citizens Financial Group will post 3.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32. Following the completion of the transaction, the insider now owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Simplicity Wealth LLC bought a new stake in shares of Citizens Financial Group in the 1st quarter worth $400,000. Amalgamated Bank raised its stake in shares of Citizens Financial Group by 33.0% in the 1st quarter. Amalgamated Bank now owns 152,412 shares of the bank's stock worth $5,531,000 after buying an additional 37,798 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Citizens Financial Group by 1.6% in the 1st quarter. Fifth Third Bancorp now owns 26,737 shares of the bank's stock worth $970,000 after buying an additional 418 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Citizens Financial Group by 31.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 47,918 shares of the bank's stock worth $1,739,000 after buying an additional 11,429 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Citizens Financial Group by 8.3% in the 1st quarter. Raymond James & Associates now owns 409,217 shares of the bank's stock worth $14,850,000 after buying an additional 31,506 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

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.