Citizens Financial Group (CFG) PT Raised to $49.00 at Morgan Stanley

Citizens Financial Group (NYSE:CFG) had its price target raised by investment analysts at Morgan Stanley from $43.00 to $49.00 in a research report issued on Wednesday. The brokerage currently has an “overweight” rating on the bank’s stock. Morgan Stanley’s target price points to a potential upside of 19.89% from the stock’s previous close.

Other analysts also recently issued reports about the company. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, October 25th. Barclays lifted their price objective on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Deutsche Bank restated a “hold” rating and issued a $36.00 price objective (up from $34.00) on shares of Citizens Financial Group in a report on Tuesday, September 26th. Finally, Oppenheimer restated a “hold” rating on shares of Citizens Financial Group in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.85.

Citizens Financial Group (NYSE:CFG) traded down $0.47 during trading hours on Wednesday, hitting $40.87. The stock had a trading volume of 3,637,700 shares, compared to its average volume of 4,724,545. Citizens Financial Group has a fifty-two week low of $31.51 and a fifty-two week high of $42.52. The company has a market capitalization of $20,110.00, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts forecast that Citizens Financial Group will post 2.59 EPS for the current fiscal year.

In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the transaction, the director now directly owns 12,917 shares in the company, valued at $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CFG. Global X Management Co. LLC raised its holdings in Citizens Financial Group by 52.4% in the second quarter. Global X Management Co. LLC now owns 18,958 shares of the bank’s stock worth $676,000 after purchasing an additional 6,517 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Citizens Financial Group by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,576,326 shares of the bank’s stock worth $91,924,000 after purchasing an additional 26,615 shares in the last quarter. Alps Advisors Inc. raised its holdings in Citizens Financial Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock worth $459,000 after purchasing an additional 33 shares in the last quarter. Legal & General Group Plc raised its holdings in Citizens Financial Group by 6.1% in the second quarter. Legal & General Group Plc now owns 2,723,691 shares of the bank’s stock worth $97,176,000 after purchasing an additional 157,412 shares in the last quarter. Finally, KBC Group NV raised its holdings in Citizens Financial Group by 162.9% in the second quarter. KBC Group NV now owns 554,900 shares of the bank’s stock worth $19,799,000 after purchasing an additional 343,796 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Citizens Financial Group (CFG) PT Raised to $49.00 at Morgan Stanley” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.com-unik.info/2017/12/15/citizens-financial-group-cfg-pt-raised-to-49-00-at-morgan-stanley.html.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit