Citizens Financial Group Inc (NYSE:CFG) Given Consensus Recommendation of “Hold” by Analysts

Citizens Financial Group Inc (NYSE:CFG) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $40.13.

CFG has been the subject of a number of research analyst reports. Citigroup downgraded Citizens Financial Group from a “neutral” rating to a “sell” rating and cut their target price for the stock from $39.00 to $32.00 in a research report on Tuesday. Argus upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. dropped their price target on Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley dropped their price target on Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, UBS Group cut Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.00 to $38.00 in a report on Wednesday, July 10th.

In related news, Director Charles John Koch purchased 15,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of $32.45 per share, with a total value of $486,750.00. Following the completion of the acquisition, the director now owns 68,781 shares of the company’s stock, valued at $2,231,943.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC raised its stake in Citizens Financial Group by 23,866.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock valued at $25,000 after purchasing an additional 716 shares during the period. Assetmark Inc. raised its stake in Citizens Financial Group by 243.6% during the 2nd quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after purchasing an additional 682 shares during the period. Oakworth Capital Inc. raised its stake in Citizens Financial Group by 739.0% during the 2nd quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,042 shares during the period. CSat Investment Advisory L.P. raised its stake in Citizens Financial Group by 162.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock valued at $48,000 after purchasing an additional 844 shares during the period. Finally, HM Payson & Co. acquired a new stake in Citizens Financial Group during the 2nd quarter valued at $49,000. 96.57% of the stock is currently owned by institutional investors.

CFG traded up $0.95 during trading on Friday, reaching $34.72. The stock had a trading volume of 495,844 shares, compared to its average volume of 4,538,639. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.47. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. Citizens Financial Group has a 1-year low of $27.62 and a 1-year high of $38.64. The stock has a 50 day moving average of $34.43 and a two-hundred day moving average of $34.72.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. During the same period in the prior year, the firm posted $0.88 earnings per share. On average, research analysts forecast that Citizens Financial Group will post 3.8 EPS for the current fiscal year.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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