Citizens Financial Group (NYSE:CFG) Given New $51.00 Price Target at Citigroup

Citizens Financial Group (NYSE:CFG) had its target price lowered by Citigroup from $58.00 to $51.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Citigroup’s target price would indicate a potential upside of 20.74% from the company’s previous close.

Several other research analysts also recently commented on the stock. Barclays boosted their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Compass Point upped 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. Morgan Stanley lowered their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Raymond James reiterated a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Stephens reiterated an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Nine 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.67.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $42.24 on Monday. The business has a fifty day moving average price of $45.01 and a two-hundred day moving average price of $44.14. The stock has a market capitalization of $18.46 billion, a PE ratio of 13.94, a P/E/G ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a fifty-two week low of $32.06 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. As a group, equities analysts predict that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citizens Financial Group

Large investors have recently bought and sold shares of the stock. Empowered Funds LLC lifted its position in shares of Citizens Financial Group by 8.4% during the third quarter. Empowered Funds LLC now owns 7,487 shares of the bank’s stock valued at $307,000 after purchasing an additional 579 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth approximately $227,000. Commerce Bank boosted its stake in shares of Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after buying an additional 250 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $213,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Citizens Financial Group by 97.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 158,222 shares of the bank’s stock valued at $6,498,000 after acquiring an additional 78,245 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

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.