Citizens Financial Group (NYSE:CFG) Given New $43.00 Price Target at Truist Financial

Citizens Financial Group (NYSE:CFG) had its target price dropped by stock analysts at Truist Financial from $51.00 to $43.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s target price suggests a potential upside of 21.13% from the stock’s previous close.

Several other brokerages also recently weighed in on CFG. Raymond James reaffirmed a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Citigroup reduced their price objective on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Morgan Stanley dropped their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods cut their price target on Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Thursday. Nine 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Citizens Financial Group Stock Performance

NYSE:CFG traded up $0.04 during trading hours on Thursday, hitting $35.50. 690,630 shares of the company were exchanged, compared to its average volume of 4,756,709. 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 52-week low of $32.60 and a 52-week high of $49.25. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.81 and a beta of 0.81. The company’s 50 day moving average price is $41.36 and its 200-day moving average price is $43.66.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. As a group, research analysts forecast that Citizens Financial Group will post 3.92 earnings per share for the current year.

Institutional Investors Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of CFG. Great Valley Advisor Group Inc. grew its stake in Citizens Financial Group by 0.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank’s stock worth $1,740,000 after acquiring an additional 224 shares during the period. My Legacy Advisors LLC increased its stake in Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after purchasing an additional 229 shares during the last quarter. Brooklyn Investment Group lifted its position in Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after buying an additional 233 shares during the period. 1620 Investment Advisors Inc. boosted its stake in Citizens Financial Group by 3.2% in the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock worth $338,000 after buying an additional 238 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in Citizens Financial Group by 0.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after buying an additional 246 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens Financial Group

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.