Citizens Financial Group (CFG) Getting Positive Press Coverage, Analysis Finds
Media headlines about Citizens Financial Group (NYSE:CFG) have been trending positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citizens Financial Group earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.2587517866747 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Citizens Financial Group (CFG) Says it Published Results of 2017 Dodd-Frank Act Mid-Cycle Company-Run Stress Test – StreetInsider.com (streetinsider.com)
- Citizens Financial Group, Inc. Publishes Results of its 2017 Dodd-Frank Act Mid-Cycle Company-Run Stress Test (finance.yahoo.com)
- ETFs with exposure to Citizens Financial Group, Inc. : October 5, 2017 (finance.yahoo.com)
- Citizens outpaces Bank of America in Massachusetts deposit growth (bizjournals.com)
Citizens Financial Group (CFG) opened at 37.49 on Friday. The firm’s 50-day moving average price is $34.88 and its 200 day moving average price is $35.24. The firm has a market cap of $18.77 billion, a P/E ratio of 16.01 and a beta of 1.37. Citizens Financial Group has a 52 week low of $24.22 and a 52 week high of $39.75.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. Equities analysts forecast that Citizens Financial Group will post $2.54 earnings per share for the current fiscal year.
Citizens Financial Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that allows the company to buyback $850.00 million in shares. This buyback authorization allows the bank to reacquire up to 4.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several equities research analysts recently weighed in on CFG shares. TheStreet raised shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods set a $40.00 price objective on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Friday, July 28th. BidaskClub raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research report on Thursday, June 22nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Citizens Financial Group currently has a consensus rating of “Hold” and a consensus price target of $36.35.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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