Citizens Financial Group, Inc. (NYSE:CFG) Receives $47.41 Average Price Target from Analysts

Citizens Financial Group, Inc. (NYSE:CFG) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $47.41.

A number of research firms recently issued reports on CFG. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $46.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler boosted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Barclays upped their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Raymond James upgraded Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, December 18th.

Hedge Funds Weigh In On Citizens Financial Group

Hedge funds have recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Citizens Financial Group during the second quarter worth approximately $25,000. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group in the third quarter worth about $28,000. Finally, Private Ocean LLC boosted its position in Citizens Financial Group by 484.4% during the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after acquiring an additional 838 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 0.6 %

Shares of NYSE:CFG opened at $43.62 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group has a 52-week low of $30.24 and a 52-week high of $49.25. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.76 and a beta of 1.08. The business has a 50-day moving average price of $45.04 and a 200-day moving average price of $41.58.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. Citizens Financial Group’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. Equities analysts predict that Citizens Financial Group will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

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.