JPMorgan Chase & Co. Issues Pessimistic Forecast for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG) had its target price reduced by JPMorgan Chase & Co. from $49.00 to $43.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 25.44% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on CFG. Compass Point upped their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Citigroup decreased their price objective on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Truist Financial dropped their target price on Citizens Financial Group from $54.00 to $51.00 and set a “hold” rating for the company in a report on Friday, March 21st. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $49.06.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $34.28 on Thursday. Citizens Financial Group has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The firm’s fifty day moving average price is $43.78 and its 200-day moving average price is $44.05. The stock has a market cap of $14.98 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. 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 (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. On average, equities research analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Institutional Trading of Citizens Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Great Valley Advisor Group Inc. raised its position in Citizens Financial Group by 0.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank’s stock worth $1,740,000 after buying an additional 224 shares during the last quarter. My Legacy Advisors LLC lifted its holdings in Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after acquiring an additional 229 shares during the period. Brooklyn Investment Group boosted its position in Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after purchasing an additional 233 shares during the last quarter. 1620 Investment Advisors Inc. grew its stake in shares of Citizens Financial Group by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after purchasing an additional 238 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after buying an additional 246 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

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.