Royal Bank Of Canada Forecasts Strong Price Appreciation for Citizens Financial Group (NYSE:CFG) Stock

Citizens Financial Group (NYSE:CFG) had its price objective upped by analysts at Royal Bank Of Canada from $67.00 to $70.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the bank’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 8.67% from the company’s previous close.

A number of other equities analysts also recently commented on CFG. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Monday, March 9th. Barclays set a $77.00 target price on shares of Citizens Financial Group and gave the stock an “overweight” rating in a research note on Monday, January 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $73.00 target price on shares of Citizens Financial Group in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Bank of America upped their price objective on shares of Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and an average price target of $70.90.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $64.42 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $61.40 and a 200 day moving average price of $58.09. The company has a market cap of $27.38 billion, a P/E ratio of 15.23, a PEG ratio of 0.52 and a beta of 0.70. Citizens Financial Group has a 12 month low of $33.95 and a 12 month high of $68.79.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Sell-side analysts predict that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider owned 165,971 shares in the company, valued at $9,632,956.84. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Citizens Financial Group

Several large investors have recently bought and sold shares of CFG. Norges Bank purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $355,909,000. Ninety One UK Ltd purchased a new stake in shares of Citizens Financial Group in the third quarter valued at about $308,946,000. AQR Capital Management LLC raised its holdings in shares of Citizens Financial Group by 56.9% in the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock valued at $451,075,000 after buying an additional 2,799,050 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Citizens Financial Group by 89.4% in the fourth quarter. Victory Capital Management Inc. now owns 4,731,592 shares of the bank’s stock valued at $276,372,000 after buying an additional 2,232,806 shares during the last quarter. Finally, Amundi raised its holdings in shares of Citizens Financial Group by 136.4% in the fourth quarter. Amundi now owns 3,513,388 shares of the bank’s stock valued at $205,217,000 after buying an additional 2,027,255 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

More Citizens Financial Group News

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: Q1 beat: CFG reported EPS $1.13 and revenue $2.17B, with net income up ~39% YoY and strong YoY EPS growth — core drivers were NII and fee income. This is the primary near‑term catalyst for the stock. TMCNet Q1 Results
• Positive Sentiment: Margin expansion & private banking: Analysts and commentary highlight margin expansion and growth in private/wealth channels as sustainable earnings levers, supporting higher earnings estimates. Seeking Alpha Margin Expansion
• Positive Sentiment: Analyst upgrades/price target raises: Multiple firms raised targets (RBC to $70/outperform; Keefe Bruyette & Woods to $72/outperform; Truist to $69/hold), signaling ~7–12% upside from current levels and likely supporting buying interest. Benzinga TickerReport The Fly
• Positive Sentiment: Dividend declared: CFG announced a quarterly dividend of $0.46 (annualized yield ~2.9%) with an ex‑dividend date of Apr 30 — supports income investors and base valuation.
• Neutral Sentiment: Earnings call & deep dive coverage: Transcripts and analyst deep dives (earnings slide deck and call transcripts) provide more detail on capital deployment, credit trends and guidance; useful for modeling forward EPS. Earnings Call Transcript Yahoo Deep Dive
• Negative Sentiment: Rising expenses & uncertainty: Some coverage flagged higher operating expenses and geopolitical/market uncertainty, which trimmed pre‑market gains despite the beat and could pressure near‑term margins if the trend continues. Zacks on Expenses

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.