Citizens Financial Group Inc. (NYSE:CFG) – Equities researchers at Jefferies Group raised their Q3 2016 EPS estimates for shares of Citizens Financial Group in a research report issued on Tuesday. Jefferies Group analyst K. Usdin now anticipates that the brokerage will post earnings per share of $0.54 for the quarter, up from their prior forecast of $0.53. Jefferies Group also issued estimates for Citizens Financial Group’s Q1 2017 earnings at $0.46 EPS, Q2 2017 earnings at $0.50 EPS, Q3 2017 earnings at $0.53 EPS and Q4 2017 earnings at $0.56 EPS.

A number of other equities analysts have also recently weighed in on the company. Citigroup Inc. restated a “buy” rating on shares of Citizens Financial Group in a report on Wednesday, June 29th. Credit Suisse Group AG increased their target price on Citizens Financial Group from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Zacks Investment Research upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Wedbush assumed coverage on Citizens Financial Group in a research note on Thursday, October 6th. They set an “outperform” rating and a $29.00 target price for the company. Finally, TheStreet upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, September 23rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.46.

Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG) opened at 24.52 on Thursday. The company has a 50-day moving average of $24.62 and a 200-day moving average of $22.72. Citizens Financial Group has a 52-week low of $18.04 and a 52-week high of $27.17. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 14.52 and a beta of 1.19.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Citizens Financial Group had a net margin of 16.72% and a return on equity of 4.62%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm posted $0.40 EPS. Citizens Financial Group’s quarterly revenue was up 6.5% on a year-over-year basis.

A number of large investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its stake in shares of Citizens Financial Group by 150.2% in the first quarter. UBS Asset Management Americas Inc. now owns 3,542,882 shares of the company’s stock valued at $74,223,000 after buying an additional 2,127,019 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of Citizens Financial Group by 126.8% in the first quarter. Rafferty Asset Management LLC now owns 64,405 shares of the company’s stock valued at $1,349,000 after buying an additional 36,003 shares in the last quarter. State Street Corp raised its stake in shares of Citizens Financial Group by 76.5% in the first quarter. State Street Corp now owns 23,869,599 shares of the company’s stock valued at $500,070,000 after buying an additional 10,347,741 shares in the last quarter. Credit Agricole S A raised its stake in shares of Citizens Financial Group by 12.5% in the first quarter. Credit Agricole S A now owns 91,341 shares of the company’s stock valued at $1,914,000 after buying an additional 10,138 shares in the last quarter. Finally, Aviva PLC raised its stake in shares of Citizens Financial Group by 21.8% in the first quarter. Aviva PLC now owns 269,842 shares of the company’s stock valued at $5,653,000 after buying an additional 48,277 shares in the last quarter. 95.72% of the stock is currently owned by hedge funds and other institutional investors.

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

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