Citizens Financial Group (NYSE:CFG) Stock Rating Lowered by ValuEngine

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ValuEngine lowered shares of Citizens Financial Group (NYSE:CFG) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, ValuEngine reports.

A number of other analysts have also recently weighed in on the stock. UBS Group upgraded shares of Citizens Financial Group from a neutral rating to a buy rating in a research note on Monday, May 4th. Morgan Stanley boosted their price objective on shares of Citizens Financial Group from $32.00 to $36.00 and gave the stock an overweight rating in a research note on Monday, June 8th. Citigroup reduced their price objective on shares of Citizens Financial Group from $34.00 to $24.00 and set a neutral rating for the company in a research note on Wednesday, April 8th. Compass Point initiated coverage on shares of Citizens Financial Group in a research note on Tuesday, April 14th. They issued a neutral rating for the company. Finally, Wedbush boosted their price objective on shares of Citizens Financial Group from $26.00 to $27.00 and gave the stock an outperform rating in a research note on Monday, April 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Citizens Financial Group presently has an average rating of Buy and an average price target of $34.32.

CFG stock opened at $23.53 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 3.96 and a beta of 1.84. Citizens Financial Group has a 12 month low of $14.12 and a 12 month high of $41.29. The firm has a 50 day moving average of $24.21 and a two-hundred day moving average of $29.21.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.17). Citizens Financial Group had a return on equity of 6.89% and a net margin of 17.23%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. On average, research analysts expect that Citizens Financial Group will post 1.02 EPS for the current fiscal year.

In other Citizens Financial Group news, Director William P. Hankowsky acquired 10,000 shares of the company’s stock in a transaction dated Monday, April 20th. The stock was bought at an average price of $20.56 per share, for a total transaction of $205,600.00. Following the purchase, the director now owns 44,924 shares in the company, valued at approximately $923,637.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles John Koch acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average price of $19.76 per share, with a total value of $98,800.00. Following the purchase, the director now owns 88,924 shares in the company, valued at approximately $1,757,138.24. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 15,165 shares of company stock valued at $307,906. Corporate insiders own 0.44% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Citizens Financial Group by 130.8% in the 1st quarter. Royal Bank of Canada now owns 2,710,284 shares of the bank’s stock valued at $50,981,000 after buying an additional 1,536,010 shares in the last quarter. Coastline Trust Co raised its stake in shares of Citizens Financial Group by 7.2% in the 1st quarter. Coastline Trust Co now owns 86,240 shares of the bank’s stock valued at $1,622,000 after buying an additional 5,790 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Citizens Financial Group by 14.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 74,582 shares of the bank’s stock worth $1,403,000 after purchasing an additional 9,416 shares during the last quarter. Great Lakes Retirement Inc. grew its holdings in shares of Citizens Financial Group by 27.8% in the 1st quarter. Great Lakes Retirement Inc. now owns 10,433 shares of the bank’s stock worth $193,000 after purchasing an additional 2,268 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Citizens Financial Group by 7.0% in the 1st quarter. Guggenheim Capital LLC now owns 187,276 shares of the bank’s stock worth $3,522,000 after purchasing an additional 12,180 shares during the last quarter. Institutional investors own 93.65% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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