Barclays Issues Positive Forecast for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG) had its price objective lifted by stock analysts at Barclays from $47.00 to $52.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective would indicate a potential upside of 15.79% from the stock’s current price.

Several other equities analysts also recently issued reports on CFG. Compass Point lifted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group increased their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. DA Davidson boosted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Piper Sandler increased their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada boosted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.71.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded up $0.35 during midday trading on Monday, reaching $44.91. 1,539,354 shares of the company traded hands, compared to its average volume of 2,206,284. Citizens Financial Group has a 12 month low of $30.24 and a 12 month high of $49.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The stock’s 50-day simple moving average is $45.28 and its 200-day simple moving average is $42.00. The firm has a market cap of $19.79 billion, a PE ratio of 17.68, a PEG ratio of 1.76 and a beta of 1.10.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Costello Asset Management INC bought a new position in shares of Citizens Financial Group during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group during the third quarter worth $48,000. Finally, Friedenthal Financial acquired a new stake in shares of Citizens Financial Group during the third quarter worth $50,000. 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.