Barclays Boosts Citizens Financial Group (NYSE:CFG) Price Target to $56.00

Citizens Financial Group (NYSE:CFG) had its target price increased by investment analysts at Barclays from $55.00 to $56.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s price target indicates a potential upside of 13.68% from the company’s current price.

CFG has been the subject of a number of other reports. DA Davidson lifted their target price on shares of Citizens Financial Group from $49.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Evercore ISI lifted their target price on shares of Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Wednesday, July 9th. Morgan Stanley upgraded shares of Citizens Financial Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $53.00 to $71.00 in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $48.50 to $52.00 in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.57.

Citizens Financial Group Price Performance

NYSE CFG opened at $49.26 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $21.25 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.54 and a beta of 0.79. The company has a 50 day moving average price of $51.37 and a two-hundred day moving average price of $45.14. Citizens Financial Group has a 12-month low of $32.60 and a 12-month high of $55.24.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. As a group, equities analysts predict that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Institutional Trading of Citizens Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of CFG. Grove Bank & Trust lifted its stake in shares of Citizens Financial Group by 97.1% in the first quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock worth $28,000 after buying an additional 334 shares during the last quarter. Investors Research Corp increased its position in Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after acquiring an additional 500 shares during the period. Trust Co. of Vermont increased its position in Citizens Financial Group by 177.5% during the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after acquiring an additional 410 shares during the period. GoalVest Advisory LLC increased its position in Citizens Financial Group by 16,900.0% during the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares during the period. Finally, REAP Financial Group LLC increased its position in Citizens Financial Group by 72.4% during the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after acquiring an additional 309 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.