Morgan Stanley Boosts Citizens Financial Group (NYSE:CFG) Price Target to $80.00

Citizens Financial Group (NYSE:CFG) had its price objective increased by investment analysts at Morgan Stanley from $73.00 to $80.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Morgan Stanley’s price target would suggest a potential upside of 31.16% from the company’s previous close.

CFG has been the subject of several other research reports. JPMorgan Chase & Co. increased their target price on shares of Citizens Financial Group from $62.50 to $71.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Raymond James Financial downgraded shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. DA Davidson lifted their target price on shares of Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. TD Cowen boosted their target price on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada upped their target price on Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.09.

Citizens Financial Group Stock Up 1.3%

Shares of CFG stock traded up $0.80 during trading hours on Monday, reaching $60.99. The company had a trading volume of 1,486,301 shares, compared to its average volume of 5,481,957. The company has a market cap of $25.92 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 0.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group has a 12 month low of $32.60 and a 12 month high of $68.79. The business has a fifty day simple moving average of $62.54 and a 200-day simple moving average of $56.04.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Citizens Financial Group’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts expect that Citizens Financial Group will post 3.92 earnings per share for the current fiscal year.

Institutional Trading of Citizens Financial Group

A number of institutional investors have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. bought a new stake in Citizens Financial Group during the 4th quarter valued at $26,000. Activest Wealth Management boosted its holdings in shares of Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after acquiring an additional 504 shares during the period. True Wealth Design LLC grew its position in shares of Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares in the last quarter. DV Equities LLC bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at $35,000. Finally, Capital A Wealth Management LLC lifted its holdings in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after purchasing an additional 794 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.