Citizens Financial Group (NYSE:CFG) Stock Price Expected to Rise, Evercore Analyst Says

Citizens Financial Group (NYSE:CFG) had its price objective lifted by equities researchers at Evercore from $69.00 to $77.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the bank’s stock. Evercore’s price target would indicate a potential upside of 13.15% from the stock’s current price.

Other analysts also recently issued research reports about the company. Barclays set a $77.00 price target on Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. Truist Financial raised their target price on Citizens Financial Group from $63.00 to $71.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Royal Bank Of Canada boosted their price target on shares of Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Stephens reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of Citizens Financial Group in a report on Thursday, October 16th. Finally, TD Cowen lifted their price objective on shares of Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $67.91.

Citizens Financial Group Trading Up 2.1%

Citizens Financial Group stock opened at $68.05 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group has a 1 year low of $32.60 and a 1 year high of $68.36. The firm’s 50-day moving average is $60.30 and its 200-day moving average is $54.23. The company has a market cap of $29.23 billion, a P/E ratio of 17.58, a PEG ratio of 0.54 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.89%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. Citizens Financial Group’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current year.

Institutional Trading of Citizens Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Citizens Financial Group by 0.4% during the second quarter. Vanguard Group Inc. now owns 51,548,977 shares of the bank’s stock valued at $2,306,817,000 after acquiring an additional 209,467 shares during the period. Capital World Investors increased its position in shares of Citizens Financial Group by 1.7% during the 3rd quarter. Capital World Investors now owns 37,289,711 shares of the bank’s stock valued at $1,982,532,000 after purchasing an additional 614,181 shares during the period. Invesco Ltd. raised its stake in shares of Citizens Financial Group by 1.7% in the 3rd quarter. Invesco Ltd. now owns 24,064,513 shares of the bank’s stock worth $1,279,270,000 after buying an additional 393,158 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Citizens Financial Group by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 7,220,986 shares of the bank’s stock worth $423,222,000 after buying an additional 505,614 shares in the last quarter. Finally, Ninety One UK Ltd lifted its holdings in shares of Citizens Financial Group by 13.1% in the fourth quarter. Ninety One UK Ltd now owns 6,574,714 shares of the bank’s stock valued at $384,029,000 after buying an additional 763,098 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.