Citizens Financial Group (NYSE:CFG) Stock Price Expected to Rise, Citigroup Analyst Says

Citizens Financial Group (NYSE:CFG) had its price objective increased by equities researchers at Citigroup from $78.00 to $84.00 in a research report issued on Monday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the bank’s stock. Citigroup’s price objective points to a potential upside of 16.77% from the company’s current price.

A number of other research firms also recently issued reports on CFG. Weiss Ratings upgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Barclays raised their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. DA Davidson lifted their price target on shares of Citizens Financial Group from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group upped their price objective on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.55.

Citizens Financial Group Price Performance

Shares of CFG opened at $71.93 on Monday. Citizens Financial Group has a 52-week low of $45.90 and a 52-week high of $74.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The business’s 50 day moving average price is $66.81 and its two-hundred day moving average price is $63.81. The firm has a market cap of $30.42 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.55 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. On average, equities analysts anticipate that Citizens Financial Group will post 5.27 EPS for the current year.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the transaction, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Citizens Financial Group in the 4th quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new position in Citizens Financial Group in the 1st quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Citizens Financial Group during the 4th quarter valued at $29,000. Activest Wealth Management raised its holdings in Citizens Financial Group by 5,600.0% during the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after acquiring an additional 504 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in shares of Citizens Financial Group by 319.8% during the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after acquiring an additional 323 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Company Profile

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.