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

Analysts at Truist Financial began coverage on shares of Citizens Financial Group (NYSE:CFG) in a note issued to investors 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 indicates a potential upside of 9.33% from the stock’s current price.

A number of other research firms have also issued reports on CFG. DA Davidson upped their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. 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 for the company in a report on Wednesday, December 18th. Barclays upped their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday. Evercore ISI dropped their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus target price of $47.78.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $44.82 on Tuesday. 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 company has a fifty day moving average of $45.32 and a two-hundred day moving average of $42.08. The stock has a market capitalization of $19.75 billion, a PE ratio of 17.65, a P/E/G ratio of 1.76 and a beta of 1.10. Citizens Financial Group has a fifty-two week low of $30.24 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting 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 analysts’ expectations of $1.94 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, research analysts forecast that Citizens Financial Group will post 3.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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