Citizens Financial Group’s (CFG) “Strong-Buy” Rating Reiterated at Raymond James

Citizens Financial Group (NYSE:CFG)‘s stock had its “strong-buy” rating reiterated by investment analysts at Raymond James in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $48.00 price objective on the bank’s stock, down from their previous price objective of $58.00. Raymond James’ price objective indicates a potential upside of 35.49% from the company’s current price.

CFG has been the subject of a number of other reports. DA Davidson lowered their price objective on shares of Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. cut their price target on shares of Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley decreased their price objective on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Piper Sandler dropped their target price on Citizens Financial Group from $48.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Keefe, Bruyette & Woods decreased their price target on Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating on the stock 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.82.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $35.43 on Thursday. The company’s fifty day moving average price is $40.88 and its 200-day moving average price is $43.59. 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 firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.81 and a beta of 0.81. Citizens Financial Group has a one year low of $32.60 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, equities research analysts anticipate 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 bought and sold shares of CFG. NBT Bank N A NY purchased a new stake in shares of Citizens Financial Group in the 1st quarter worth approximately $45,000. Grove Bank & Trust raised its position in shares of Citizens Financial Group by 97.1% in the 1st quarter. Grove Bank & Trust now owns 678 shares of the bank’s stock worth $28,000 after purchasing an additional 334 shares during the last quarter. Asio Capital LLC boosted its stake in Citizens Financial Group by 2.3% in the 1st quarter. Asio Capital LLC now owns 103,879 shares of the bank’s stock worth $4,256,000 after purchasing an additional 2,338 shares in the last quarter. Brighton Jones LLC bought a new stake in Citizens Financial Group during the 1st quarter valued at about $213,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in Citizens Financial Group by 393.8% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 62,343 shares of the bank’s stock worth $2,554,000 after buying an additional 49,718 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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.