Citizens Financial Group Inc (CFG) Receives $42.25 Consensus Target Price from Analysts

Citizens Financial Group Inc (NYSE:CFG) has received a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.25.

A number of equities analysts have recently weighed in on CFG shares. ValuEngine upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday. Barclays cut their target price on Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. Goldman Sachs Group upgraded Citizens Financial Group to a “buy” rating and cut their target price for the stock from $44.00 to $40.00 in a research note on Monday, January 7th. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 20th. Finally, Citigroup upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $41.00 to $37.00 in a research note on Wednesday, January 9th.

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Citizens Financial Group by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock valued at $655,180,000 after acquiring an additional 2,189,838 shares during the period. First Republic Investment Management Inc. raised its holdings in Citizens Financial Group by 16.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 64,578 shares of the bank’s stock valued at $2,490,000 after acquiring an additional 9,219 shares during the period. Pacer Advisors Inc. raised its holdings in Citizens Financial Group by 14.2% during the 3rd quarter. Pacer Advisors Inc. now owns 25,157 shares of the bank’s stock valued at $970,000 after acquiring an additional 3,136 shares during the period. Rampart Investment Management Company LLC raised its holdings in Citizens Financial Group by 27.1% during the 3rd quarter. Rampart Investment Management Company LLC now owns 21,799 shares of the bank’s stock valued at $187,680,000 after acquiring an additional 4,645 shares during the period. Finally, Caxton Associates LP raised its holdings in Citizens Financial Group by 28.4% during the 3rd quarter. Caxton Associates LP now owns 13,946 shares of the bank’s stock valued at $538,000 after acquiring an additional 3,086 shares during the period. Institutional investors and hedge funds own 97.80% of the company’s stock.

CFG traded up $0.36 during midday trading on Friday, reaching $35.36. 7,879,737 shares of the company were exchanged, compared to its average volume of 4,855,336. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market capitalization of $16.28 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.10 and a beta of 1.41. Citizens Financial Group has a one year low of $27.62 and a one year high of $43.51.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Citizens Financial Group had a return on equity of 8.67% and a net margin of 23.20%. During the same period in the previous year, the company posted $0.78 EPS. On average, equities analysts forecast that Citizens Financial Group will post 3.87 earnings per share for the current year.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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