DA Davidson Issues Pessimistic Forecast for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG) had its price target decreased by equities research analysts at DA Davidson from $53.00 to $49.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. DA Davidson’s price target suggests a potential upside of 38.31% from the stock’s previous close. DA Davidson also issued estimates for Citizens Financial Group’s Q2 2025 earnings at $0.90 EPS and FY2025 earnings at $3.76 EPS.

Several other equities analysts have also weighed in on CFG. Truist Financial cut their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating on the stock in a report on Thursday. Piper Sandler cut their price target on Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday. Raymond James reaffirmed a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Barclays cut their target price on Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley decreased their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Eight investment 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 company. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.82.

Citizens Financial Group Stock Down 0.1 %

NYSE CFG opened at $35.43 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current 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 $15.49 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The stock has a fifty day moving average of $40.88 and a 200-day moving average of $43.59.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, equities research analysts forecast that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Trading of Citizens Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in shares of Citizens Financial Group during the fourth quarter worth about $26,000. Ameliora Wealth Management Ltd. bought a new stake in Citizens Financial Group in the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Citizens Financial Group during the 4th quarter worth approximately $28,000. Grove Bank & Trust grew its stake in shares of Citizens Financial Group by 97.1% during the 1st quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock worth $28,000 after acquiring an additional 334 shares in the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of Citizens Financial Group by 673.0% in the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank’s stock valued at $39,000 after purchasing an additional 774 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.