Truist Financial Forecasts Strong Price Appreciation for Citizens Financial Group (NYSE:CFG) Stock

Citizens Financial Group (NYSE:CFG) had its target price hoisted by Truist Financial from $49.00 to $54.00 in a research report released on Tuesday,Benzinga reports. They currently have a hold rating on the bank’s stock.

Other research analysts have also issued reports about the company. Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Piper Sandler boosted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Evercore ISI lowered their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. DA Davidson boosted their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Trading Up 0.7 %

NYSE CFG opened at $47.36 on Tuesday. Citizens Financial Group has a one year low of $30.24 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $20.87 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10. The company’s 50-day simple moving average is $45.71 and its two-hundred day simple moving average is $42.91.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Equities analysts forecast that Citizens Financial Group will post 3.95 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Hedge Funds Weigh In On Citizens Financial Group

A number of institutional investors have recently bought and sold shares of CFG. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in Citizens Financial Group in the third quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Citizens Financial Group during the 3rd quarter valued at about $48,000. Finally, Friedenthal Financial acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $50,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

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.