Citizens Financial Group (NYSE:CFG) Price Target Raised to $52.00

by · The Markets Daily

Citizens Financial Group (NYSE:CFG – Free Report) had its price target boosted by Barclays from $47.00 to $52.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the bank’s stock.

CFG has been the topic of several other research reports. The Goldman Sachs Group boosted their price target on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada lifted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a report on Wednesday, December 18th. Evercore ISI lowered their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Finally, DA Davidson raised their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

View Our Latest Stock Analysis on Citizens Financial Group

Citizens Financial Group Price Performance

Shares of CFG opened at $44.77 on Monday. The company has a 50 day moving average of $45.41 and a 200-day moving average of $42.16. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $19.73 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.76 and a beta of 1.10. Citizens Financial Group has a twelve month low of $30.24 and a twelve month high of $49.25.

Citizens Financial Group (NYSE:CFG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. As a group, equities research analysts forecast that Citizens Financial Group will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.75%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Hedge Funds Weigh In On Citizens Financial Group

Hedge funds have recently modified their holdings of the business. Costello Asset Management INC acquired a new position in Citizens Financial Group during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter worth approximately $48,000. Finally, Friedenthal Financial bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Company Profile

(Get Free Report)

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.

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