Citizens Financial Group (NYSE:CFG) PT Raised to $43.00

Citizens Financial Group (NYSE:CFG) had its price target raised by equities researchers at Citigroup from $39.00 to $43.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Citigroup’s price target would suggest a potential upside of 30.70% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada lifted their price objective on Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Evercore ISI lifted their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Wedbush lowered their price target on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday. Barclays downgraded Citizens Financial Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $38.00 to $40.00 in a report on Tuesday, January 2nd. Finally, TheStreet upgraded Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $36.29.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG opened at $32.90 on Friday. The company has a market cap of $15.08 billion, a P/E ratio of 11.92 and a beta of 1.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 0.87. Citizens Financial Group has a one year low of $22.77 and a one year high of $36.38. The business’s 50-day simple moving average is $33.28 and its 200 day simple moving average is $30.58.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 earnings per share. On average, sell-side analysts forecast that Citizens Financial Group will post 3.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32. Following the completion of the transaction, the insider now owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Kinneret Advisory LLC boosted its position in Citizens Financial Group by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 13,296 shares of the bank’s stock worth $603,000 after acquiring an additional 298 shares during the period. Czech National Bank boosted its position in Citizens Financial Group by 0.5% during the 1st quarter. Czech National Bank now owns 82,032 shares of the bank’s stock worth $2,977,000 after acquiring an additional 375 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Citizens Financial Group by 1.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,343 shares of the bank’s stock worth $707,000 after acquiring an additional 393 shares during the period. Wealthspire Advisors LLC boosted its position in Citizens Financial Group by 4.1% during the 4th quarter. Wealthspire Advisors LLC now owns 11,071 shares of the bank’s stock worth $367,000 after acquiring an additional 439 shares during the period. Finally, Connable Office Inc. boosted its position in Citizens Financial Group by 2.6% during the 4th quarter. Connable Office Inc. now owns 17,319 shares of the bank’s stock worth $574,000 after acquiring an additional 443 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

About Citizens Financial Group

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.