Citizens Financial Group (CFG) Lifted to “Outperform” at Robert W. Baird

Citizens Financial Group (NYSE:CFG) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a $46.00 price target on the bank’s stock. Robert W. Baird’s target price points to a potential upside of 12.61% from the company’s current price.

A number of other research analysts also recently issued reports on CFG. Citigroup reissued a “hold” rating on shares of Citizens Financial Group in a research report on Friday, April 20th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. BMO Capital Markets reduced their price objective on shares of Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, April 23rd. Deutsche Bank raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Tuesday, April 3rd. Finally, Sandler O’Neill raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Citizens Financial Group currently has an average rating of “Hold” and an average target price of $45.91.

Shares of Citizens Financial Group stock opened at $40.85 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 0.54 and a beta of 1.41. Citizens Financial Group has a 12-month low of $31.51 and a 12-month high of $48.23.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, April 20th. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Citizens Financial Group had a net margin of 26.00% and a return on equity of 7.06%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. analysts forecast that Citizens Financial Group will post 3.44 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Citizens Financial Group by 20.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,590,746 shares of the bank’s stock valued at $66,780,000 after buying an additional 266,714 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Citizens Financial Group by 5.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 96,531 shares of the bank’s stock valued at $4,052,000 after buying an additional 4,709 shares in the last quarter. Atlantic Trust Group LLC boosted its holdings in shares of Citizens Financial Group by 4.8% during the 1st quarter. Atlantic Trust Group LLC now owns 1,854,307 shares of the bank’s stock valued at $77,844,000 after buying an additional 84,992 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Citizens Financial Group during the 1st quarter valued at $303,000. Finally, Millennium Management LLC boosted its holdings in shares of Citizens Financial Group by 37.3% during the 1st quarter. Millennium Management LLC now owns 2,381,791 shares of the bank’s stock valued at $99,988,000 after buying an additional 646,789 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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