Citizens Financial Group (NYSE:CFG) Now Covered by Wolfe Research

Analysts at Wolfe Research assumed coverage on shares of Citizens Financial Group (NYSE:CFG) in a research note issued on Friday, The Fly reports. The brokerage set an “underperform” rating on the bank’s stock.

A number of other equities analysts also recently issued reports on CFG. Royal Bank of Canada cut their price target on shares of Citizens Financial Group from $35.00 to $29.00 in a report on Wednesday, July 1st. Morgan Stanley increased their price target on shares of Citizens Financial Group from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a report on Thursday, April 30th. Citigroup dropped their target price on shares of Citizens Financial Group from $34.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Finally, Compass Point assumed coverage on shares of Citizens Financial Group in a report on Tuesday, April 14th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Citizens Financial Group presently has an average rating of “Buy” and a consensus target price of $32.77.

Shares of Citizens Financial Group stock opened at $24.81 on Friday. The firm has a fifty day moving average of $24.70 and a two-hundred day moving average of $26.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.95. The company has a market cap of $10.58 billion, a P/E ratio of 9.88, a PEG ratio of 2.47 and a beta of 1.86. Citizens Financial Group has a one year low of $14.12 and a one year high of $41.29.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, July 17th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.36. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. Citizens Financial Group had a net margin of 14.58% and a return on equity of 5.85%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. As a group, equities analysts predict that Citizens Financial Group will post 1.75 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Delta Asset Management LLC TN boosted its stake in shares of Citizens Financial Group by 251.3% during the 1st quarter. Delta Asset Management LLC TN now owns 1,398 shares of the bank’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Citizens Financial Group by 146.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,480 shares of the bank’s stock worth $28,000 after purchasing an additional 880 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Citizens Financial Group by 34.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,562 shares of the bank’s stock worth $48,000 after purchasing an additional 655 shares during the last quarter. Anderson Fisher LLC acquired a new stake in shares of Citizens Financial Group during the 1st quarter worth about $76,000. Finally, Atlas Capital Advisors LLC boosted its stake in shares of Citizens Financial Group by 23.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 4,167 shares of the bank’s stock worth $78,000 after purchasing an additional 794 shares during the last quarter. 93.49% of the stock is currently owned by institutional investors.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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The Fly

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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