Citizens Financial Group (NYSE:CFG) Price Target Cut to $49.00 by Analysts at DA Davidson

Citizens Financial Group (NYSE:CFG) had its target price dropped by analysts at DA Davidson from $53.00 to $49.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 38.31% from the company’s current price. DA Davidson also issued estimates for Citizens Financial Group’s Q2 2025 earnings at $0.90 EPS and FY2025 earnings at $3.76 EPS.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Citigroup dropped their price objective on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Keefe, Bruyette & Woods reduced their target price on Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a research note on Thursday. Stephens restated an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Finally, Morgan Stanley cut their price target on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus target price of $45.82.

Citizens Financial Group Stock Down 0.1 %

NYSE:CFG opened at $35.43 on Thursday. Citizens Financial Group has a twelve month low of $32.60 and a twelve month high of $49.25. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. 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 price is $40.88 and its two-hundred day moving average price is $43.59.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Equities research analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Citizens Financial Group during the 4th quarter worth $243,431,000. Wellington Management Group LLP increased its position in shares of Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock worth $462,547,000 after purchasing an additional 2,298,040 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank’s stock valued at $423,733,000 after purchasing an additional 1,672,204 shares in the last quarter. AQR Capital Management LLC lifted its position in Citizens Financial Group by 32.2% during the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank’s stock worth $270,715,000 after purchasing an additional 1,507,536 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Citizens Financial Group during the fourth quarter worth about $56,483,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.