November 30, 2016 - By Marie Mckinney
Research analysts at Wedbush have $34 target on Citizens Financial Group (NYSE:CFG). Wedbush’s target indicates a potential upside of 4.97% from the company’s last stock close price. The rating was shown in an analyst report on Wednesday, 30 November.
Out of 21 analysts covering Citizens Financial Group (NYSE:CFG), 7 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 33% are positive. $33 is the highest target while $25 is the lowest. The $28.15 average target is -13.09% below today’s ($32.39) stock price. Citizens Financial Group has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Tuesday, November 15, the company rating was downgraded by Oppenheimer. Wedbush initiated the shares of CFG in a report on Friday, October 7 with “Outperform” rating. The rating was downgraded by Citigroup on Tuesday, November 8 to “Neutral”. Bank of America initiated Citizens Financial Group Inc (NYSE:CFG) on Monday, August 10 with “Buy” rating. Guggenheim upgraded it to “Neutral” rating and $28.0 target price in Wednesday, August 26 report. The rating was maintained by Oppenheimer with “Outperform” on Monday, January 25. Bernstein downgraded Citizens Financial Group Inc (NYSE:CFG) on Wednesday, November 16 to “Mkt Perform” rating. On Wednesday, November 16 the stock rating was downgraded by Piper Jaffray to “Neutral”. Keefe Bruyette & Woods upgraded the shares of CFG in a report on Tuesday, November 29 to “Outperform” rating. Oppenheimer maintained it with “Outperform” rating and $30.0 target price in Tuesday, January 5 report.
The stock increased 1.92% or $0.61 during the last trading session, hitting $32.39. Citizens Financial Group Inc (NYSE:CFG) has risen 37.13% since April 27, 2016 and is uptrending. It has outperformed by 31.90% the S&P500.
Analysts await Citizens Financial Group Inc (NYSE:CFG) to report earnings on January, 27. They expect $0.52 earnings per share, up 23.81% or $0.10 from last year’s $0.42 per share. CFG’s profit will be $260.56 million for 15.57 P/E if the $0.52 EPS becomes a reality. After $0.52 actual earnings per share 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 is 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.
Schroder Management holds 1.19M shares or 0.05% of its portfolio. Federated Investors Pa last reported 14,487 shares in the company. Oakbrook Limited Liability Corporation last reported 34,250 shares in the company. Pzena Investment Management Llc last reported 2.10 million shares in the company. Ftb Inc has invested 0.01% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Thompson Davis Company reported 1,518 shares or 0.05% of all its holdings. Kingstown Cap Mgmt Limited Partnership last reported 7.36% of its portfolio in the stock. British Columbia Mngmt Corp accumulated 358,018 shares or 0.06% of the stock. Blackrock Fund Advsr, a California-based fund reported 8.84 million shares. Panagora Asset Mngmt holds 0.01% or 130,366 shares in its portfolio. Proshare Ltd Com holds 0.04% or 152,239 shares in its portfolio. Employees Retirement System Of Texas holds 0.1% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 379,000 shares. Ls Inv Limited Liability holds 0.03% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 22,406 shares. Moreover, Vanguard Group has 0.06% invested in Citizens Financial Group Inc (NYSE:CFG) for 44.68 million shares. Paradigm Asset Mngmt Com Ltd Liability Corporation has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG).
Citizens Financial Group, Inc. is a retail bank holding firm in the United States. The company has a market cap of $16.23 billion. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. It has a 17.62 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.”
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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