Analysts Set Citizens Financial Group, Inc. (NYSE:CFG) Price Target at $47.78

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have earned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $49.00.

CFG has been the subject of several recent analyst reports. Evercore ISI dropped their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. Compass Point increased their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Raymond James reissued a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th.

Citizens Financial Group Trading Up 0.2 %

Shares of Citizens Financial Group stock opened at $47.44 on Friday. The company has a market capitalization of $20.91 billion, a P/E ratio of 15.66, a P/E/G ratio of 0.82 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average of $45.74 and a 200 day moving average of $43.02. Citizens Financial Group has a fifty-two week low of $30.24 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, sell-side analysts anticipate that Citizens Financial Group will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s payout ratio is currently 55.45%.

Institutional Trading of Citizens Financial Group

Institutional investors have recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in Citizens Financial Group in the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group in the third quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in Citizens Financial Group in the third quarter worth about $48,000. Finally, Friedenthal Financial bought a new stake in Citizens Financial Group in the third quarter worth about $50,000. Institutional investors own 94.90% of the company’s stock.

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.