Citizens Financial Group (NYSE:CFG) Price Target Raised to $42.00 at Stephens

Citizens Financial Group (NYSE:CFG) had its price target upped by equities research analysts at Stephens from $40.00 to $42.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Stephens’ price target points to a potential upside of 3.81% from the company’s current price.

Several other analysts also recently issued reports on the company. UBS Group boosted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group upped their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. dropped their target price on Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Evercore ISI upped their target price on Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Finally, DA Davidson upped their target price on Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Hold” and an average price target of $40.75.

Citizens Financial Group Trading Down 0.7 %

NYSE CFG traded down $0.29 on Friday, hitting $40.46. 83,993 shares of the company were exchanged, compared to its average volume of 5,392,896. The company’s 50 day moving average price is $35.79 and its 200-day moving average price is $34.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $18.41 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. Citizens Financial Group has a twelve month low of $22.77 and a twelve month high of $41.94.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. Citizens Financial Group’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Analysts predict that Citizens Financial Group will post 3.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CFG. Diversified Trust Co acquired a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $330,000. Raymond James Trust N.A. acquired a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $228,000. Whittier Trust Co. lifted its holdings in shares of Citizens Financial Group by 203.1% during the fourth quarter. Whittier Trust Co. now owns 7,259 shares of the bank’s stock worth $240,000 after buying an additional 4,864 shares during the last quarter. Brookstone Capital Management acquired a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $241,000. Finally, Sterling Investment Counsel LLC raised its stake in shares of Citizens Financial Group by 6.1% in the fourth quarter. Sterling Investment Counsel LLC now owns 9,278 shares of the bank’s stock valued at $307,000 after purchasing an additional 535 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.