Brokerages Set Citizens Financial Group, Inc. (NYSE:CFG) Price Target at $49.00

Citizens Financial Group, Inc. (NYSE:CFG) has been given an average recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $49.22.

Several equities analysts recently weighed in on CFG shares. Stephens reiterated an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial lifted their target price on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler lifted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd.

Institutional Investors Weigh In On Citizens Financial Group

Large investors have recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group in the third quarter worth about $25,000. Ameriflex Group Inc. bought a new stake in shares of Citizens Financial Group in the fourth quarter worth about $26,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group during the third quarter worth approximately $27,000. Ameliora Wealth Management Ltd. bought a new stake in Citizens Financial Group during the fourth quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the fourth quarter worth approximately $28,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG opened at $40.72 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a one year low of $32.06 and a one year high of $49.25. The firm has a market capitalization of $17.80 billion, a P/E ratio of 13.44, a PEG ratio of 0.81 and a beta of 1.06. The business has a fifty day moving average of $45.46 and a 200 day moving average of $44.18.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citizens Financial Group will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.13%. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

About Citizens Financial Group

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.