Rating Alert: Wedbush Maintains $34.0 Price Objective On Citizens Financial Group (NYSE:CFG), Maintains Neutral Rating

November 30, 2016 - By Michael Collier

Rating Alert: Wedbush Maintains $34.0 Price Objective On Citizens Financial Group (NYSE:CFG), Maintains Neutral Rating

Citizens Financial Group (NYSE:CFG) Rating

The broker have set target of $34.0 on Citizens Financial Group (NYSE:CFG) shares. This is 4.97% from the previous close. In a report released on 30 November, Wedbush restate their Neutral rating on shares of CFG.

Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage

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. The firm has “Buy” rating by Compass Point given on Wednesday, July 22. The stock of Citizens Financial Group Inc (NYSE:CFG) earned “Outperform” rating by Keefe Bruyette & Woods on Tuesday, November 29. On Wednesday, November 16 the stock rating was downgraded by Bernstein to “Mkt Perform”. Zacks upgraded the stock to “Sell” rating in Thursday, August 27 report. The stock has “Outperform” rating given by Wells Fargo on Friday, May 13. Wedbush downgraded it to “Neutral” rating and $31 target price in Thursday, November 17 report. UBS maintained Citizens Financial Group Inc (NYSE:CFG) on Monday, October 24 with “Buy” rating. On Monday, January 25 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Sector Perform” rating given on Monday, October 26 by RBC Capital Markets. The firm has “Sell” rating given on Friday, August 21 by Zacks.

The stock closed at $32.39 during the last session. It is down 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 EPS, up 23.81% or $0.10 from last year’s $0.42 per share. CFG’s profit will be $271.32M for 15.57 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.

Hennessy Advsr accumulated 92,000 shares or 0.06% of the stock. D E Shaw Company last reported 0.06% of its portfolio in the stock. The New York-based Teachers Advisors Inc has invested 0.02% in Citizens Financial Group Inc (NYSE:CFG). Catalyst Cap Advsr Lc accumulated 71,500 shares or 0.26% of the stock. Boston Advsrs Limited Liability Corporation last reported 354,276 shares in the company. Sound Shore Mngmt Ct, a Connecticut-based fund reported 2.69 million shares. Teacher Retirement System Of Texas has invested 0.01% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Art Advsr Ltd Liability reported 347,313 shares or 0.35% of all its holdings. Gateway Inv Advisers Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Fjarde Ap, a Alabama-based fund reported 127,485 shares. The Switzerland-based Credit Suisse Ag has invested 0.04% in Citizens Financial Group Inc (NYSE:CFG). Lord Abbett Limited Liability Corp holds 11.47 million shares or 0.72% of its portfolio. Synovus Fincl Corp owns 363 shares or 0% of their US portfolio. Walleye Trading Ltd Liability Company reported 167,783 shares or 0.02% of all its holdings. Olstein Capital Ltd Partnership accumulated 566,290 shares or 1.53% of the stock.

Citizens Financial Group, Inc. is a retail bank holding firm in the United States. The company has a market cap of $16.90 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.”

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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