Citizens Financial Group, Inc. (NYSE:CFG) Given Consensus Recommendation of “Hold” by Brokerages

Citizens Financial Group, Inc. (NYSE:CFGGet Rating) has earned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $56.00.

A number of research analysts have recently commented on the company. Morgan Stanley dropped their price target on Citizens Financial Group from $69.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Citigroup lowered Citizens Financial Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 11th. StockNews.com initiated coverage on Citizens Financial Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays lifted their target price on Citizens Financial Group from $55.00 to $62.00 in a report on Monday, January 3rd. Finally, Keefe, Bruyette & Woods lowered Citizens Financial Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $64.00 to $54.00 in a report on Tuesday, April 5th.

Several hedge funds and other institutional investors have recently made changes to their positions in CFG. Kings Point Capital Management bought a new stake in Citizens Financial Group in the third quarter worth $33,000. Carolinas Wealth Consulting LLC boosted its position in Citizens Financial Group by 37.4% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 772 shares of the bank’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. Mystic Asset Management Inc. acquired a new stake in shares of Citizens Financial Group in the 4th quarter worth $37,000. Glassman Wealth Services raised its stake in Citizens Financial Group by 68.7% in the 3rd quarter. Glassman Wealth Services now owns 985 shares of the bank’s stock worth $46,000 after acquiring an additional 401 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at about $49,000. 91.76% of the stock is currently owned by institutional investors.

Shares of CFG stock traded down $0.74 on Monday, hitting $41.10. The stock had a trading volume of 331,972 shares, compared to its average volume of 6,122,246. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $47.34 and a two-hundred day moving average price of $49.00. The firm has a market cap of $17.35 billion, a P/E ratio of 8.70 and a beta of 1.44. Citizens Financial Group has a twelve month low of $39.56 and a twelve month high of $57.00.

Citizens Financial Group (NYSE:CFGGet Rating) last announced its quarterly earnings results on Tuesday, April 19th. The bank reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.02. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Citizens Financial Group had a return on equity of 10.69% and a net margin of 30.67%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. On average, analysts expect that Citizens Financial Group will post 4.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Monday, May 2nd. Citizens Financial Group’s dividend payout ratio is presently 33.05%.

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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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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