Citizens Financial Group - CFG Stock Forecast, Price & News

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association 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. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves government banking, not-for-profit, healthcare, technology, professionals, oil and gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. It operates approximately 1,200 branches in 14 states and the District of Columbia; 114 retail and commercial non-branch offices in national markets; and approximately 3,300 automated teller machines. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group raised Citizens Financial Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $48.00 to $54.00 in a research report on Monday, May 16th. The Goldman Sachs Group reduced their target price on Citizens Financial Group from $60.00 to $49.00 and set a "buy" rating on the stock in a report on Tuesday, May 31st. Morgan Stanley dropped their price target on Citizens Financial Group from $53.00 to $51.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 20th. Wolfe Research dropped their price target on Citizens Financial Group from $48.00 to $33.00 and set an "underperform" rating on the stock in a research report on Thursday, May 26th. Finally, Credit Suisse Group lowered their target price on Citizens Financial Group to $42.00 in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $48.33.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock remained flat at $37.21 during midday trading on Monday. The stock had a trading volume of 4,695,340 shares, compared to its average volume of 5,736,863. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 9.42 and a beta of 1.41. The company's fifty day simple moving average is $37.13 and its 200-day simple moving average is $42.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.90 and a quick ratio of 0.88. Citizens Financial Group has a 1-year low of $34.35 and a 1-year high of $57.00.

Citizens Financial Group (NYSE:CFG - Get Rating) last issued its earnings results on Tuesday, July 19th. The bank reported $0.67 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.35). Citizens Financial Group had a return on equity of 10.26% and a net margin of 25.04%. During the same period last year, the firm posted $1.46 earnings per share. As a group, sell-side analysts predict that Citizens Financial Group will post 4.38 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 2nd will be issued a dividend of $0.42 per share. This is a positive change from Citizens Financial Group's previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 4.51%. The ex-dividend date is Monday, August 1st. Citizens Financial Group's dividend payout ratio (DPR) is 42.53%.