Rating Summary: Is Citizens Financial Group (NYSE:CFG) a Stock to Buy After Keefe Bruyette Upgrade?

November 29, 2016 - By Vivian Park

Rating Summary:  Is Citizens Financial Group (NYSE:CFG) a Stock to Buy After Keefe Bruyette Upgrade?

Citizens Financial Group (NYSE:CFG) Upgrade

In a research note revealed to clients today, Keefe Bruyette raised shares of Citizens Financial Group (NYSE:CFG) to a “Outperform” rating from “Mkt Perform” rating.

Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage

Out of 20 analysts covering Citizens Financial Group (NYSE:CFG), 6 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 30% are positive. $33 is the highest target while $25 is the lowest. The $28.15 average target is -13.49% below today’s ($32.54) stock price. Citizens Financial Group has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by PiperJaffray to “Neutral” on Wednesday, November 16. The rating was upgraded by Bernstein to “Outperform” on Wednesday, August 26. Zacks downgraded Citizens Financial Group Inc (NYSE:CFG) on Thursday, September 3 to “Sell” rating. Wedbush downgraded the shares of CFG in a report on Thursday, November 17 to “Neutral” rating. The stock of Citizens Financial Group Inc (NYSE:CFG) earned “Sector Perform” rating by RBC Capital Markets on Monday, October 26. The stock of Citizens Financial Group Inc (NYSE:CFG) has “Equal-Weight” rating given on Monday, January 25 by Barclays Capital. The company was downgraded on Wednesday, November 16 by Bernstein. The stock has “Buy” rating given by Sandler O’Neill on Wednesday, September 2. Ladenburg Thalmann upgraded the stock to “Buy” rating in Monday, October 12 report. The stock of Citizens Financial Group Inc (NYSE:CFG) has “Buy” rating given on Monday, January 11 by Goldman Sachs.

About 1.27 million shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 34.95% since April 26, 2016 and is uptrending. It has outperformed by 29.69% the S&P500.

Analysts await Citizens Financial Group Inc (NYSE:CFG) to report earnings on January, 27. They expect $0.52 EPS, up 23.81% or $0.10 from last year’s $0.42 per share. CFG’s profit will be $260.64 million for 15.64 P/E if the $0.52 EPS becomes a reality. After $0.52 actual EPS reported by Citizens Financial Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.64, from 1.66 in 2016Q1. The ratio dived, as 39 funds sold all Citizens Financial Group Inc shares owned while 109 reduced positions. 58 funds bought stakes while 187 increased positions. They now own 480.62 million shares or 3.26% less from 496.81 million shares in 2016Q1.

Moreover, Sector Pension Inv Board has 0.02% invested in Citizens Financial Group Inc (NYSE:CFG) for 100,300 shares. Td Asset Management accumulated 0.03% or 690,769 shares. Consector Capital Ltd Partnership reported 169,750 shares or 7.92% of all its holdings. Twin Tree Mngmt L P reported 56,382 shares or 0.02% of all its holdings. Canada Pension Plan Invest Board last reported 0.34% of its portfolio in the stock. Goelzer Invest Mgmt has 0.43% invested in the company for 154,496 shares. Commerzbank Aktiengesellschaft Fi accumulated 214,102 shares or 0.03% of the stock. Suntrust Banks, a Georgia-based fund reported 749,622 shares. Rbf Capital Limited Company accumulated 0.13% or 32,663 shares. Trust Company Of Vermont has 0% invested in the company for 28 shares. Verition Fund Mngmt Lc has 74,502 shares for 0.19% of their US portfolio. The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.04% in Citizens Financial Group Inc (NYSE:CFG). Quantbot Limited Partnership holds 0.72% or 338,009 shares in its portfolio. Comerica Commercial Bank accumulated 0.03% or 128,480 shares. Gulf Intll Bancshares (Uk) Limited last reported 0.05% of its portfolio in the stock.

Citizens Financial Group, Inc. is a retail bank holding firm in the United States. The company has a market cap of $16.31 billion. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. It has a 17.7 P/E ratio. The Firm operates in two divisions: Consumer Banking and Commercial Banking.

According to Zacks Investment Research, “Citizens Financial Group, Inc. is a retail bank holding company. It offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. The Bank offers consumer loans, commercial loans, mortgage loans, deposit products, internet banking, and trust services. It also operates online, telephone, and mobile banking platforms. Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island.”

CFG Company Profile

Citizens Financial Group, Inc., incorporated on November 21, 1984, is a retail bank holding firm in the United States. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. The Firm operates approximately 1,200 branches in over 10 states footprint across the New England, Mid-Atlantic and Midwest regions, and through its online, telephone and mobile banking platforms. The Firm operates in two divisions: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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