Citizens Financial Group (NYSE:CFG) Price Target Raised to $70.00

Citizens Financial Group (NYSE:CFGGet Free Report) had its target price upped by equities research analysts at Keefe, Bruyette & Woods from $68.00 to $70.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 9.36% from the company’s previous close.

Several other research firms have also recently commented on CFG. Barclays set a $77.00 price target on Citizens Financial Group and gave the company an “overweight” rating in a report on Monday, January 5th. UBS Group lifted their target price on Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. Robert W. Baird reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Citizens Financial Group in a research report on Thursday, December 11th. Finally, Evercore ISI reissued an “outperform” rating and set a $69.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.95.

Get Our Latest Stock Report on Citizens Financial Group

Citizens Financial Group Stock Up 7.0%

NYSE:CFG opened at $64.01 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group has a 1-year low of $32.60 and a 1-year high of $64.27. The company’s fifty day moving average price is $57.35 and its 200-day moving average price is $52.86. The firm has a market capitalization of $27.49 billion, a P/E ratio of 17.93, a PEG ratio of 0.52 and a beta of 0.72.

Citizens Financial Group (NYSE:CFGGet Free Report) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. As a group, equities research analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont lifted its stake in shares of Citizens Financial Group by 177.5% during the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares in the last quarter. GoalVest Advisory LLC boosted its stake in shares of Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after buying an additional 676 shares during the last quarter. True Wealth Design LLC grew its holdings in Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after acquiring an additional 526 shares in the last quarter. REAP Financial Group LLC raised its stake in Citizens Financial Group by 72.4% during the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after buying an additional 309 shares in the last quarter. Finally, Capital A Wealth Management LLC boosted its holdings in Citizens Financial Group by 3,970.0% in the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after purchasing an additional 794 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Key Headlines Impacting Citizens Financial Group

Here are the key news stories impacting Citizens Financial Group this week:

About Citizens Financial Group

(Get Free Report)

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.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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