Citizens Financial Group Inc (NYSE:CFG) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $33.63.
Several research firms have recently issued reports on CFG. Zacks Investment Research cut Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Citizens Financial Group in a research note on Sunday, January 22nd. Citigroup Inc reissued a “hold” rating on shares of Citizens Financial Group in a research note on Sunday, January 22nd. Barclays PLC boosted their target price on Citizens Financial Group from $27.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. Finally, Keefe, Bruyette & Woods set a $39.00 target price on Citizens Financial Group and gave the company a “buy” rating in a research note on Saturday.
Several large investors have recently added to or reduced their stakes in CFG. Virtus Investment Advisers Inc. purchased a new stake in Citizens Financial Group during the third quarter valued at $106,000. Global X Management Co. LLC raised its stake in Citizens Financial Group by 148.3% in the third quarter. Global X Management Co. LLC now owns 4,711 shares of the company’s stock valued at $116,000 after buying an additional 2,814 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Citizens Financial Group during the fourth quarter valued at $119,000. SRB Corp raised its stake in Citizens Financial Group by 8.0% in the third quarter. SRB Corp now owns 6,656 shares of the company’s stock valued at $164,000 after buying an additional 491 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Citizens Financial Group during the fourth quarter valued at $204,000. Institutional investors own 97.12% of the company’s stock.
Shares of Citizens Financial Group (NYSE:CFG) opened at 34.24 on Tuesday. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 17.38 and a beta of 1.36. The company has a 50-day moving average price of $36.95 and a 200-day moving average price of $32.28. Citizens Financial Group has a 52-week low of $18.34 and a 52-week high of $39.75.
Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 20th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Citizens Financial Group had a return on equity of 5.19% and a net margin of 18.13%. The firm had revenue of $1.36 billion for the quarter. During the same period last year, the firm posted $0.42 earnings per share. Citizens Financial Group’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities analysts anticipate that Citizens Financial Group will post $2.28 earnings per share for the current year.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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