Citizens Financial Group (NYSE:CFG) Price Target Raised to $80.00

Citizens Financial Group (NYSE:CFG) had its price target hoisted by stock analysts at Cantor Fitzgerald from $75.00 to $80.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 12.66% from the stock’s previous close.

Several other brokerages also recently commented on CFG. Morgan Stanley increased their target price on shares of Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, June 29th. UBS Group increased their price objective on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on shares of Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Evercore reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Citizens Financial Group in a report on Monday, July 6th. Finally, Citigroup downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $74.60.

Citizens Financial Group Stock Up 1.0%

CFG stock traded up $0.69 during mid-day trading on Wednesday, reaching $71.01. 800,854 shares of the company traded hands, compared to its average volume of 4,930,585. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average price is $65.93 and its 200 day moving average price is $63.35. The stock has a market cap of $30.03 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 0.58 and a beta of 0.67. Citizens Financial Group has a fifty-two week low of $45.90 and a fifty-two week high of $72.94.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the company earned $0.77 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts predict that Citizens Financial Group will post 5.22 EPS for the current fiscal year.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the sale, the insider directly owned 22,565 shares in the company, valued at $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Citizens Financial Group

A number of institutional investors have recently modified their holdings of CFG. Elevation Wealth Partners LLC raised its position in Citizens Financial Group by 319.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after purchasing an additional 323 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in shares of Citizens Financial Group during the first quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $29,000. Finally, Activest Wealth Management lifted its stake in 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. 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.