Citigroup Cuts Citizens Financial Group (NYSE:CFG) Price Target to $51.00

Citizens Financial Group (NYSE:CFG) had its price target cut by equities research analysts at Citigroup from $58.00 to $51.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Citigroup’s price target points to a potential upside of 20.33% from the company’s current price.

Several other research firms also recently commented on CFG. Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Piper Sandler lifted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised their target price on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Raymond James restated a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.67.

Citizens Financial Group Stock Performance

Citizens Financial Group stock traded up $1.19 during trading on Monday, hitting $42.38. The stock had a trading volume of 704,731 shares, compared to its average volume of 4,506,173. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average is $45.12 and its two-hundred day moving average is $44.12. Citizens Financial Group has a 1 year low of $32.06 and a 1 year high of $49.25. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, analysts predict that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CFG. 111 Capital purchased a new position in Citizens Financial Group during the fourth quarter valued at $695,000. Wealth Enhancement Advisory Services LLC lifted its position in Citizens Financial Group by 148.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 258,623 shares of the bank’s stock valued at $11,317,000 after acquiring an additional 154,404 shares during the period. Wealthedge Investment Advisors LLC bought a new stake in Citizens Financial Group during the fourth quarter worth about $214,000. Siemens Fonds Invest GmbH grew its holdings in Citizens Financial Group by 1,113.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 64,114 shares of the bank’s stock worth $2,806,000 after purchasing an additional 58,832 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $12,313,000. 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.