Barclays Lowers Citizens Financial Group (NYSE:CFG) Price Target to $49.00

Citizens Financial Group (NYSE:CFG) had its price target decreased by Barclays from $52.00 to $49.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective points to a potential upside of 38.31% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Stephens restated an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Raymond James reiterated a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Truist Financial lowered their price target on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.82.

Citizens Financial Group Price Performance

Shares of CFG opened at $35.43 on Thursday. Citizens Financial Group has a 1-year low of $32.60 and a 1-year high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $15.49 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The firm has a fifty day moving average price of $40.88 and a 200 day moving average price of $43.59.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. As a group, sell-side analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $26,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth $28,000. Grove Bank & Trust raised its stake in Citizens Financial Group by 97.1% during the first quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock worth $28,000 after acquiring an additional 334 shares during the period. Finally, Colonial Trust Co SC raised its position in shares of Citizens Financial Group by 673.0% during the 4th quarter. Colonial Trust Co SC now owns 889 shares of the bank’s stock worth $39,000 after purchasing an additional 774 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

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.