Citizens Financial Group (NYSE:CFG) Given Outperform Rating at Robert W. Baird

Citizens Financial Group (NYSE:CFG – Get Rating)‘s stock had its “outperform” rating restated by analysts at Robert W. Baird in a report released on Thursday. They presently have a $58.00 target price on the bank’s stock. Robert W. Baird’s target price indicates a potential upside of 30.81% from the company’s previous close.

A number of other research firms have also commented on CFG. Keefe, Bruyette & Woods lowered Citizens Financial Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $64.00 to $54.00 in a research report on Tuesday, April 5th. Morgan Stanley cut their price target on Citizens Financial Group from $69.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, March 28th. Citigroup downgraded Citizens Financial Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 11th. StockNews.com began coverage on Citizens Financial Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Barclays raised their price objective on Citizens Financial Group from $55.00 to $62.00 in a research note on Monday, January 3rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.82.

Shares of NYSE CFG traded up $0.02 during trading hours on Thursday, hitting $44.34. 110,766 shares of the company’s stock were exchanged, compared to its average volume of 6,181,695. Citizens Financial Group has a 1-year low of $39.56 and a 1-year high of $57.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.90 and a quick ratio of 0.88. The stock has a market capitalization of $18.72 billion, a price-to-earnings ratio of 8.59 and a beta of 1.44. The company’s 50-day moving average price is $47.81 and its 200-day moving average price is $49.08.

Citizens Financial Group (NYSE:CFG – Get Rating) last posted its quarterly earnings results on Tuesday, April 19th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. Citizens Financial Group had a return on equity of 11.32% and a net margin of 33.19%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts expect that Citizens Financial Group will post 4.49 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Citizens Financial Group by 0.9% in the third quarter. BlackRock Inc. now owns 41,959,693 shares of the bank’s stock valued at $1,971,267,000 after buying an additional 393,060 shares in the last quarter. Capital International Investors increased its holdings in Citizens Financial Group by 26.0% in the 4th quarter. Capital International Investors now owns 29,095,135 shares of the bank’s stock worth $1,374,753,000 after purchasing an additional 6,009,500 shares in the last quarter. Invesco Ltd. increased its holdings in Citizens Financial Group by 3.2% in the 3rd quarter. Invesco Ltd. now owns 19,377,461 shares of the bank’s stock worth $910,353,000 after purchasing an additional 606,445 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Citizens Financial Group by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,140,964 shares of the bank’s stock worth $526,411,000 after purchasing an additional 69,440 shares in the last quarter. Finally, Capital World Investors bought a new position in shares of Citizens Financial Group during the fourth quarter worth about $510,236,000. Institutional investors own 91.76% of the company’s stock.

Citizens Financial Group Company Profile (Get Rating)

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.

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