Citizens Financial Group (NYSE:CFG) Price Target Raised to $59.00

Citizens Financial Group (NYSE:CFG) had its price objective lifted by analysts at The Goldman Sachs Group from $48.00 to $59.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 21.72% from the stock’s current price.

Several other brokerages have also recently commented on CFG. Royal Bank of Canada raised their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley raised their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Barclays upped their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Citigroup lifted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, DA Davidson boosted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.47.

Citizens Financial Group Trading Up 1.7 %

Citizens Financial Group stock opened at $48.47 on Tuesday. Citizens Financial Group has a 1 year low of $26.13 and a 1 year high of $49.25. The firm’s 50 day moving average price is $42.99 and its two-hundred day moving average price is $39.93. The firm has a market cap of $21.36 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts predict that Citizens Financial Group will post 3.2 EPS for the current fiscal year.

Institutional Trading of Citizens Financial Group

A number of hedge funds have recently bought and sold shares of CFG. Commerce Bank lifted its position in Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after purchasing an additional 250 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of Citizens Financial Group by 12.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after buying an additional 264 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in shares of Citizens Financial Group by 2.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 11,395 shares of the bank’s stock valued at $468,000 after buying an additional 280 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in shares of Citizens Financial Group by 0.3% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock worth $3,648,000 after acquiring an additional 308 shares during the period. Finally, SYM FINANCIAL Corp boosted its position in shares of Citizens Financial Group by 4.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 6,976 shares of the bank’s stock valued at $287,000 after acquiring an additional 322 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

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.