The Goldman Sachs Group Raises Citizens Financial Group (NYSE:CFG) Price Target to $59.00

Citizens Financial Group (NYSE:CFG) had its target price lifted by equities researchers at The Goldman Sachs Group from $48.00 to $59.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 22.48% from the company’s previous close.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. DA Davidson upped their price target 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. Barclays increased their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Citigroup boosted their price objective on shares of 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, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has an average rating of “Hold” and a consensus price target of $45.47.

Citizens Financial Group Trading Up 0.1 %

Shares of NYSE CFG opened at $48.17 on Tuesday. Citizens Financial Group has a twelve month low of $26.13 and a twelve month high of $49.25. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.84 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average is $43.29 and its 200-day moving average is $40.07.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. Equities research analysts predict that Citizens Financial Group will post 3.2 EPS for the current year.

Institutional Investors Weigh In On Citizens Financial Group

Several large investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in Citizens Financial Group by 4.8% during the third quarter. Franklin Resources Inc. now owns 655,600 shares of the bank’s stock worth $28,368,000 after acquiring an additional 29,940 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Citizens Financial Group by 292.2% during the 3rd quarter. Tidal Investments LLC now owns 69,851 shares of the bank’s stock worth $2,869,000 after purchasing an additional 52,039 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $89,000. Sanctuary Advisors LLC lifted its stake in Citizens Financial Group by 8.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 43,969 shares of the bank’s stock valued at $1,806,000 after purchasing an additional 3,307 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Citizens Financial Group in the 3rd quarter valued at about $453,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Company Profile

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.