Citizens Financial Group (NYSE:CFG) Upgraded by Raymond James to Strong-Buy Rating

Citizens Financial Group (NYSE:CFG) was upgraded by equities researchers at Raymond James from a “market perform” rating to a “strong-buy” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a $55.00 target price on the bank’s stock. Raymond James’ target price points to a potential upside of 22.93% from the stock’s previous close.

CFG has been the subject of several other reports. Barclays lifted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Citigroup lifted their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Compass Point upped their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group raised their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Eight research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $47.41.

Citizens Financial Group Trading Down 2.1 %

NYSE:CFG opened at $44.74 on Wednesday. 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 firm has a market cap of $19.72 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The firm has a 50-day moving average price of $44.87 and a two-hundred day moving average price of $41.16. Citizens Financial Group has a 52 week low of $30.24 and a 52 week high of $49.25.

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

Institutional Investors Weigh In On Citizens Financial Group

A number of hedge funds have recently modified their holdings of the business. Innealta Capital LLC bought a new stake in Citizens Financial Group in the 2nd quarter valued at $25,000. Costello Asset Management INC bought a new position in Citizens Financial Group during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in shares of Citizens Financial Group during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC purchased a new stake in Citizens Financial Group in the third quarter worth $28,000. Finally, Private Ocean LLC lifted its holdings in Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after buying an additional 838 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.