Citizens Financial Group (NYSE:CFG) Given New $53.00 Price Target at Keefe, Bruyette & Woods

Citizens Financial Group (NYSE:CFG) had its price objective upped by investment analysts at Keefe, Bruyette & Woods from $46.00 to $53.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 14.62% from the stock’s previous close.

Several other analysts also recently commented on the stock. Royal Bank of Canada increased their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. DA Davidson increased their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Citigroup increased their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group increased their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Piper Sandler raised their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.27.

Citizens Financial Group Stock Down 1.2 %

Shares of Citizens Financial Group stock traded down $0.56 during trading hours on Wednesday, reaching $46.24. The company’s stock had a trading volume of 709,918 shares, compared to its average volume of 5,191,584. Citizens Financial Group has a one year low of $28.19 and a one year high of $49.25. The company has a market capitalization of $20.38 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.79 and a beta of 1.08. The stock’s fifty day simple moving average is $43.78 and its two-hundred day simple moving average is $40.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion for 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%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. On average, research analysts forecast that Citizens Financial Group will post 3.2 earnings per share for the current year.

Hedge Funds Weigh In On Citizens Financial Group

Large investors have recently modified their holdings of the company. Costello Asset Management INC bought a new position in shares of Citizens Financial Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Citizens Financial Group in the third quarter valued at approximately $28,000. Innealta Capital LLC bought a new position in shares of Citizens Financial Group in the second quarter valued at approximately $25,000. Finally, Private Ocean LLC boosted its position in shares of Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after acquiring an additional 838 shares during the period. 94.90% of the stock is currently owned by institutional investors.

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.