Citizens Financial Group (NYSE:CFG) Earns “Strong-Buy” Rating from Raymond James

Citizens Financial Group (NYSE:CFGGet Free Report)‘s stock had its “strong-buy” rating reissued by stock analysts at Raymond James in a report issued on Tuesday,Benzinga reports. They currently have a $58.00 price target on the bank’s stock, up from their prior price target of $55.00. Raymond James’ price objective would suggest a potential upside of 23.26% from the stock’s current price.

CFG has been the topic of several other research reports. Piper Sandler upped their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Truist Financial started coverage on shares of Citizens Financial Group in a research note on Tuesday, January 7th. They set a “hold” rating and a $49.00 price target on the stock. Compass Point raised their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. DA Davidson boosted their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Barclays raised their target price on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

View Our Latest Research Report on CFG

Citizens Financial Group Trading Down 2.6 %

NYSE:CFG opened at $47.06 on Tuesday. The firm has a 50 day moving average of $45.70 and a 200 day moving average of $42.88. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group has a 52 week low of $30.24 and a 52 week high of $49.25. The stock has a market capitalization of $20.74 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.42 and a beta of 1.10.

Citizens Financial Group (NYSE:CFGGet Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1,962,330 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Citizens Financial Group will post 3.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Group

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after acquiring an additional 5,579,313 shares during the period. AQR Capital Management LLC lifted its holdings in Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after purchasing an additional 1,682,886 shares in the last quarter. State Street Corp grew its position in shares of Citizens Financial Group by 6.7% in the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock valued at $1,060,689,000 after purchasing an additional 1,615,144 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Citizens Financial Group by 85.6% during the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock worth $83,933,000 after purchasing an additional 942,662 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after purchasing an additional 894,322 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

About Citizens Financial Group

(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.

Further Reading

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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