Citizens Financial Group (NYSE:CFG) Price Target Raised to $53.00 at Keefe, Bruyette & Woods

Citizens Financial Group (NYSE:CFG) had its target price raised by analysts at Keefe, Bruyette & Woods from $46.00 to $53.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 14.62% from the company’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Evercore ISI decreased their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup lifted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.27.

Citizens Financial Group Price Performance

Citizens Financial Group stock traded down $0.56 during mid-day trading on Wednesday, hitting $46.24. 709,918 shares of the company traded hands, compared to its average volume of 5,191,584. Citizens Financial Group has a one year low of $28.19 and a one year high of $49.25. The stock has a market cap of $20.38 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. 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 has a fifty day moving average price of $43.78 and a 200-day moving average price of $40.41.

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

Hedge Funds Weigh In On Citizens Financial Group

A number of hedge funds have recently bought and sold shares of CFG. Innealta Capital LLC bought a new position in Citizens Financial Group in the 2nd quarter worth about $25,000. Costello Asset Management INC bought a new position in Citizens Financial Group in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group in the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group in the 3rd quarter worth about $28,000. Finally, Private Ocean LLC boosted its stake in Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

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.