Stock Rating: Citizens Financial Group (NYSE:CFG) Gets Better Rating From Keefe Bruyette & Woods. What Is The Stock Target?

November 29, 2016 - By Winifred Garcia

Stock Rating:  Citizens Financial Group (NYSE:CFG) Gets Better Rating From Keefe Bruyette & Woods. What Is The Stock Target?

Citizens Financial Group (NYSE:CFG) Upgrade

New York-listed Citizens Financial Group (NYSE:CFG), was upped by investment analysts at Keefe Bruyette & Woods. The firm upped its rating on the $16.26 billion market cap company to a “Outperform” from a previous “Market Perform”.

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 -13.22% below today’s ($32.44) 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 Citigroup on Tuesday, November 8 to “Neutral”. The company was downgraded on Wednesday, November 16 by Piper Jaffray. The stock of Citizens Financial Group Inc (NYSE:CFG) has “Overweight” rating given on Tuesday, November 24 by Piper Jaffray. Deutsche Bank downgraded it to “Hold” rating and $27 target price in Tuesday, November 8 report. Credit Suisse maintained Citizens Financial Group Inc (NYSE:CFG) rating on Wednesday, October 14. Credit Suisse has “Neutral” rating and $26 price target. On Wednesday, September 2 the stock rating was upgraded by Sandler O’Neill to “Buy”. As per Monday, January 25, the company rating was maintained by Oppenheimer. The company was maintained on Monday, October 24 by UBS. Bank of America initiated the stock with “Buy” rating in Monday, August 10 report. As per Tuesday, November 15, the company rating was downgraded by Oppenheimer.

About 2.95 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 $260.64M for 15.60 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 2016 Q2. Its down 0.64, from 1.66 in 2016Q1. The ratio turned negative, 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.

Frontier Cap Management Limited Liability Company last reported 368,897 shares in the company. Voya Inv Mgmt Limited Liability Company holds 330,828 shares or 0.02% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt reported 51,400 shares or 0.05% of all its holdings. Point72 Asia (Hong Kong) Ltd, a Hong Kong-based fund reported 7,100 shares. Aqr Cap Management holds 0.23% or 6.63 million shares in its portfolio. Alyeska Gp Limited Partnership reported 1.43M shares or 0.29% of all its holdings. Nordea Inv Mngmt Ab accumulated 17,168 shares or 0% of the stock. Sunbelt Secs Inc has 0% invested in the company for 329 shares. State Treasurer State Of Michigan holds 0.03% or 183,800 shares in its portfolio. Raymond James Service Advisors owns 22,688 shares or 0% of their US portfolio. Federated Incorporated Pa holds 14,487 shares or 0% of its portfolio. Mycio Wealth Prtn Lc has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). The Georgia-based Herndon Mngmt Ltd has invested 0% in Citizens Financial Group Inc (NYSE:CFG). Numeric Investors Llc accumulated 0.67% or 3.78 million shares. Manufacturers Life Insurance The has 0.06% invested in the company for 1.84 million shares.

Citizens Financial Group, Inc. is a retail bank holding firm in the United States. The company has a market cap of $16.26 billion. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. It has a 17.64 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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