BMO Capital Markets Upgrades Citizens Financial Group (CFG) to “Outperform”

BMO Capital Markets upgraded shares of Citizens Financial Group (NYSE:CFG) from a market perform rating to an outperform rating in a research report released on Tuesday morning. BMO Capital Markets currently has $39.00 target price on the bank’s stock, down from their prior target price of $40.00.

A number of other analysts have also weighed in on the stock. Morgan Stanley increased their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock an overweight rating in a report on Wednesday, December 13th. Zacks Investment Research raised shares of Citizens Financial Group from a hold rating to a buy rating and set a $46.00 price target for the company in a research note on Monday, December 4th. TheStreet raised shares of Citizens Financial Group from a c rating to an a+ rating in a research note on Monday, November 27th. Oppenheimer reissued a hold rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Finally, Barclays increased their price target on shares of Citizens Financial Group from $39.00 to $41.00 and gave the stock an equal weight rating in a research note on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of Hold and an average price target of $40.85.

Citizens Financial Group (NYSE CFG) opened at $42.63 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market capitalization of $20,958.83, a PE ratio of 17.26, a PEG ratio of 1.09 and a beta of 1.37. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $42.93.

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

In related news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares of the company’s stock, valued at $520,684.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC increased its position in shares of Citizens Financial Group by 41,266.7% during the second quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock valued at $133,000 after acquiring an additional 3,714 shares in the last quarter. Lipe & Dalton purchased a new stake in Citizens Financial Group in the third quarter worth approximately $207,000. Colony Group LLC purchased a new stake in Citizens Financial Group in the second quarter worth approximately $210,000. Courier Capital LLC purchased a new stake in Citizens Financial Group in the second quarter worth approximately $214,000. Finally, Quotient Investors LLC purchased a new stake in Citizens Financial Group in the third quarter worth approximately $227,000. 98.48% of the stock is owned by institutional investors.

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Citizens Financial Group Company Profile

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.

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