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

Citizens Financial Group (NYSE:CFG) had its price objective decreased by stock analysts at Barclays from $52.00 to $49.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective indicates a potential upside of 36.88% from the company’s current price.

CFG has been the topic of a number of other reports. Raymond James restated a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Truist Financial lowered their target price on Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods decreased their price objective on Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Thursday. Morgan Stanley lowered their target price on shares of 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. Finally, JPMorgan Chase & Co. reduced their price objective 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. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus target price of $47.83.

Citizens Financial Group Stock Up 1.0 %

Shares of NYSE CFG traded up $0.34 during trading hours on Thursday, hitting $35.80. The stock had a trading volume of 1,203,019 shares, compared to its average volume of 4,794,512. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group has a 52 week low of $32.60 and a 52 week high of $49.25. The firm’s 50-day moving average price is $41.36 and its two-hundred day moving average price is $43.66. The company has a market capitalization of $15.65 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Citizens Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors raised its position in Citizens Financial Group by 3.3% in the fourth quarter. Capital World Investors now owns 35,900,115 shares of the bank’s stock valued at $1,570,989,000 after purchasing an additional 1,131,838 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Citizens Financial Group by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank’s stock worth $477,043,000 after buying an additional 124,860 shares during the period. Wellington Management Group LLP raised its position in shares of Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank’s stock worth $462,547,000 after acquiring an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings 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 acquiring an additional 1,672,204 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Citizens Financial Group by 6.4% during the 4th quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank’s stock valued at $273,378,000 after purchasing an additional 374,850 shares during the period. 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.