Citizens Financial Group (NYSE:CFG) PT Raised to $48.00 at DA Davidson

Citizens Financial Group (NYSE:CFG) had its target price hoisted by investment analysts at DA Davidson from $46.00 to $48.00 in a report released on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s price objective would suggest a potential upside of 13.02% from the company’s current price. DA Davidson also issued estimates for Citizens Financial Group’s Q4 2024 earnings at $0.85 EPS, FY2024 earnings at $3.24 EPS and FY2025 earnings at $3.89 EPS.

A number of other equities analysts also recently commented on the company. Piper Sandler upped their target price on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. StockNews.com downgraded Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. 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, July 18th. Stephens upped their target price on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Evercore ISI decreased their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Hold” and an average price target of $43.80.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $42.47 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $44.39. The stock has a 50 day moving average price of $41.33 and a two-hundred day moving average price of $38.05. The company has a market capitalization of $19.32 billion, a P/E ratio of 15.39, a PEG ratio of 1.42 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. Analysts expect that Citizens Financial Group will post 3.22 earnings per share for the current year.

Insider Transactions at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the sale, the insider now directly owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Citizens Financial Group

A number of institutional investors have recently modified their holdings of CFG. Innealta Capital LLC purchased a new stake in shares of Citizens Financial Group in the second quarter worth $25,000. Versant Capital Management Inc boosted its position in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after buying an additional 678 shares during the last quarter. Private Ocean LLC boosted its position in shares of Citizens Financial Group by 484.4% during the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after buying an additional 838 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Citizens Financial Group during the second quarter valued at $48,000. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Citizens Financial Group during the second quarter valued at $48,000. 94.90% of the stock is 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.