Wedbush assumed coverage on shares of Citizens Financial Group Inc. (NYSE:CFG) in a research report sent to investors on Thursday morning. The firm issued an outperform rating and a $29.00 target price on the stock.

A number of other equities analysts have also commented on CFG. Deutsche Bank AG reiterated a buy rating on shares of Citizens Financial Group in a report on Wednesday, June 15th. Citigroup Inc. reiterated a buy rating on shares of Citizens Financial Group in a report on Wednesday, June 29th. Wells Fargo & Co. reiterated a buy rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Barclays PLC reiterated a hold rating on shares of Citizens Financial Group in a report on Saturday, July 9th. Finally, Zacks Investment Research lowered shares of Citizens Financial Group from a hold rating to a sell rating in a report on Tuesday, July 12th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Citizens Financial Group has an average rating of Buy and an average target price of $27.23.

Citizens Financial Group (NYSE:CFG) traded down 1.05% during trading on Thursday, reaching $25.42. The company’s stock had a trading volume of 2,052,848 shares. The stock’s 50-day moving average is $24.38 and its 200 day moving average is $22.60. The company has a market cap of $13.20 billion, a P/E ratio of 15.05 and a beta of 1.19. Citizens Financial Group has a 12 month low of $18.04 and a 12 month high of $27.17.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Citizens Financial Group had a net margin of 16.72% and a return on equity of 4.62%. Citizens Financial Group’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, equities analysts forecast that Citizens Financial Group will post $1.85 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Bremer Trust National Association purchased a new position in Citizens Financial Group during the third quarter worth approximately $2,239,000. Foundry Partners LLC purchased a new position in Citizens Financial Group during the third quarter worth approximately $6,212,000. Copper Rock Capital Partners LLC increased its position in Citizens Financial Group by 100.7% in the third quarter. Copper Rock Capital Partners LLC now owns 21,070 shares of the company’s stock worth $507,000 after buying an additional 10,571 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Citizens Financial Group during the second quarter worth approximately $427,000. Finally, Kentucky Retirement Systems purchased a new position in Citizens Financial Group during the second quarter worth approximately $899,000. Institutional investors own 95.72% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

5 Day Chart for NYSE:CFG

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