Keefe, Bruyette & Woods Issues Pessimistic Forecast for Citizens Financial Group (NYSE:CFG) Stock Price

Citizens Financial Group (NYSE:CFG) had its price objective decreased by stock analysts at Keefe, Bruyette & Woods from $49.00 to $45.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 27.02% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Raymond James restated a “strong-buy” rating and issued a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Barclays lifted their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on Citizens Financial Group from $49.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Citigroup dropped their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Morgan Stanley reduced their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.82.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $35.43 on Thursday. The firm has a 50 day moving average of $40.88 and a two-hundred day moving average of $43.59. The stock has a market capitalization of $15.49 billion, a PE ratio of 11.69, a P/E/G ratio of 0.81 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group has a 52 week low of $32.60 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. On average, research analysts predict that Citizens Financial Group will post 3.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Group

Large investors have recently modified their holdings of the stock. Great Valley Advisor Group Inc. lifted its stake in shares of Citizens Financial Group by 0.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank’s stock worth $1,740,000 after acquiring an additional 224 shares during the period. My Legacy Advisors LLC lifted its position in Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after purchasing an additional 229 shares during the period. Brooklyn Investment Group boosted its holdings in Citizens Financial Group by 3.3% in the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after purchasing an additional 233 shares in the last quarter. 1620 Investment Advisors Inc. increased its position in Citizens Financial Group by 3.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock worth $338,000 after purchasing an additional 238 shares during the period. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Citizens Financial Group by 0.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after buying an additional 246 shares in the last quarter. Hedge funds and other institutional investors 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.