Barclays Boosts Citizens Financial Group (NYSE:CFG) Price Target to $47.00

Citizens Financial Group (NYSE:CFG) had its price target lifted by analysts at Barclays from $40.00 to $47.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Barclays‘s target price indicates a potential upside of 10.67% from the company’s current price.

CFG has been the subject of several other reports. 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 research report on Wednesday, October 2nd. DA Davidson boosted their price objective on shares of Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Jefferies Financial Group upped their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Piper Sandler lifted their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, StockNews.com lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and a consensus price target of $43.80.

Citizens Financial Group Trading Up 0.8 %

Shares of NYSE CFG opened at $42.47 on Thursday. The company’s 50 day simple moving average is $41.33 and its 200 day simple moving average is $38.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $44.39. The firm has a market capitalization of $19.32 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.42 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results 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 return on equity of 6.21% and a net margin of 10.74%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts predict that Citizens Financial Group will post 3.22 EPS for the current year.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction that occurred on Thursday, July 25th. The shares were 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 in the company, valued at $1,454,401.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CFG. HighPoint Advisor Group LLC bought a new position in shares of Citizens Financial Group in the 4th quarter valued at about $208,000. Los Angeles Capital Management LLC grew its stake in Citizens Financial Group by 24.0% in the first quarter. Los Angeles Capital Management LLC now owns 62,665 shares of the bank’s stock valued at $2,274,000 after purchasing an additional 12,140 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Citizens Financial Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 4,205 shares of the bank’s stock worth $153,000 after purchasing an additional 475 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Citizens Financial Group during the 1st quarter worth approximately $68,000. Finally, Czech National Bank raised its stake in shares of Citizens Financial Group by 0.5% during the 1st quarter. Czech National Bank now owns 82,032 shares of the bank’s stock worth $2,977,000 after purchasing an additional 375 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.