Royal Bank of Canada Cuts Citizens Financial Group (NYSE:CFG) Price Target to $44.00

Citizens Financial Group (NYSE:CFG - Get Free Report) had its price objective lowered by investment analysts at Royal Bank of Canada from $50.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the bank's stock. Royal Bank of Canada's price objective points to a potential upside of 22.83% from the company's current price.

Several other equities analysts have also recently weighed in on CFG. Raymond James restated a "strong-buy" rating and set a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Citigroup lowered their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research report on Monday, March 24th. DA Davidson lowered their price target on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Truist Financial cut their target price on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Finally, Stephens reissued an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $45.82.

Citizens Financial Group Price Performance

Shares of CFG stock traded up $1.33 during mid-day trading on Thursday, hitting $35.82. The company had a trading volume of 4,959,043 shares, compared to its average volume of 4,791,569. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock's 50 day moving average price is $40.65 and its 200-day moving average price is $43.59. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $49.25. The company has a market capitalization of $15.66 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion for 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 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new position in Citizens Financial Group in the fourth quarter valued at about $26,000. Ameliora Wealth Management Ltd. purchased a new position in Citizens Financial Group in the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at $28,000. Grove Bank & Trust boosted its position in shares of Citizens Financial Group by 97.1% in the 1st quarter. Grove Bank & Trust now owns 678 shares of the bank's stock worth $28,000 after purchasing an additional 334 shares in the last quarter. Finally, Colonial Trust Co SC increased its position in Citizens Financial Group by 673.0% during the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock valued at $39,000 after buying an additional 774 shares in 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.