Citizens Financial Group (NYSE:CFG)‘s stock had its “hold” rating reaffirmed by investment analysts at Royal Bank of Canada in a research note issued on Sunday. They presently have a $45.00 price objective on the bank’s stock. Royal Bank of Canada’s target price suggests a potential downside of 3.89% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. Barclays lifted their price target on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. BMO Capital Markets upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $40.00 to $39.00 in a report on Tuesday, December 19th. Morgan Stanley lifted their price target on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Monday, December 4th. Finally, TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.71.

Shares of Citizens Financial Group (NYSE CFG) traded up $1.06 during midday trading on Friday, hitting $46.82. 7,826,100 shares of the stock were exchanged, compared to its average volume of 4,972,946. The stock has a market capitalization of $23,170.00, a P/E ratio of 18.96, a PEG ratio of 0.71 and a beta of 1.37. Citizens Financial Group has a 1-year low of $31.51 and a 1-year high of $47.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. analysts expect that Citizens Financial Group will post 3.13 EPS for the current fiscal year.

In related news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the sale, the director now directly owns 12,917 shares in the company, valued at $520,684.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. First Allied Advisory Services Inc. lifted its position in Citizens Financial Group by 1.1% during the second quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after buying an additional 76 shares in the last quarter. Veritable L.P. lifted its position in Citizens Financial Group by 1.2% during the second quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock valued at $229,000 after buying an additional 79 shares in the last quarter. D.A. Davidson & CO. lifted its position in Citizens Financial Group by 2.8% during the second quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock valued at $244,000 after buying an additional 188 shares in the last quarter. Moors & Cabot Inc. lifted its position in Citizens Financial Group by 1.8% during the second quarter. Moors & Cabot Inc. now owns 19,187 shares of the bank’s stock valued at $687,000 after buying an additional 337 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its position in Citizens Financial Group by 6.2% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,533 shares of the bank’s stock valued at $304,000 after buying an additional 500 shares in the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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