Citizens Financial Group (NYSE:CFG) Now Covered by Truist Financial

Equities research analysts at Truist Financial assumed coverage on shares of Citizens Financial Group (NYSE:CFG) in a research report issued on Tuesday,Benzinga reports. The firm set a “hold” rating and a $49.00 price target on the bank’s stock. Truist Financial’s price target suggests a potential upside of 9.33% from the company’s current price.

A number of other equities research analysts have also weighed in on CFG. DA Davidson lifted their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Barclays lifted their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday. Citigroup lifted their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, December 18th. Finally, Piper Sandler raised their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $44.82 on Tuesday. The firm has a 50-day moving average price of $45.32 and a 200-day moving average price of $42.08. The firm has a market capitalization of $19.75 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group has a 12-month low of $30.24 and a 12-month high of $49.25.

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 analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Citizens Financial Group will post 3.2 EPS for the current year.

Institutional Trading of Citizens Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Costello Asset Management INC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $48,000. Finally, Friedenthal Financial acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $50,000. 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.