Citizens Financial Group, Inc. (NYSE:CFG) Receives $45.47 Average Price Target from Analysts

Shares of Citizens Financial Group, Inc. (NYSE:CFG) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $45.47.

CFG has been the topic of a number of analyst reports. DA Davidson increased their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Evercore ISI reduced their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Barclays increased their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Citigroup increased their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada increased their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Citizens Financial Group during the 2nd quarter worth approximately $25,000. Costello Asset Management INC purchased a new position in Citizens Financial Group during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group during the 3rd quarter worth approximately $28,000. Finally, Versant Capital Management Inc grew its stake in Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after buying an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

CFG opened at $47.09 on Friday. The stock’s 50-day moving average price is $43.66 and its 200 day moving average price is $40.34. Citizens Financial Group has a 12-month low of $27.97 and a 12-month high of $49.25. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.83 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 return on equity of 5.73% and a net margin of 10.37%. Citizens Financial Group’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, sell-side analysts expect that Citizens Financial Group will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.57%. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

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.