Morgan Stanley Increases Citizens Financial Group (NYSE:CFG) Price Target to $39.00

Citizens Financial Group (NYSE:CFGGet Free Report) had its price objective lifted by research analysts at Morgan Stanley from $31.00 to $39.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Morgan Stanley’s price target suggests a potential upside of 24.32% from the company’s current price.

A number of other brokerages also recently issued reports on CFG. Wedbush lowered their price target on Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, January 18th. Royal Bank of Canada upped their target price on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Wolfe Research raised shares of Citizens Financial Group from an “underperform” rating to a “peer perform” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company a “market perform” rating in a research report on Thursday, January 18th. Finally, TheStreet raised Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Hold” and an average price target of $35.00.

Check Out Our Latest Research Report on CFG

Citizens Financial Group Stock Performance

Shares of CFG opened at $31.37 on Wednesday. Citizens Financial Group has a 1 year low of $22.77 and a 1 year high of $44.22. The stock has a market capitalization of $14.63 billion, a PE ratio of 10.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50-day simple moving average of $32.17 and a 200-day simple moving average of $28.99.

Citizens Financial Group (NYSE:CFGGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2 billion. Citizens Financial Group had a return on equity of 7.40% and a net margin of 13.19%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. On average, analysts predict that Citizens Financial Group will post 3.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Resurgent Financial Advisors LLC purchased a new position in Citizens Financial Group during the 4th quarter worth $28,000. Clear Street Markets LLC increased its position in Citizens Financial Group by 93.6% during the 1st quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock worth $29,000 after purchasing an additional 466 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Citizens Financial Group by 63.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 984 shares of the bank’s stock valued at $26,000 after acquiring an additional 381 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Citizens Financial Group by 100.8% in the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after purchasing an additional 496 shares during the period. Finally, Larson Financial Group LLC acquired a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $33,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens Financial Group

(Get Free Report)

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.

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