Citizens Financial Group (NYSE:CFG) released its earnings results on Friday. The bank reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.02, Briefing.com reports. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. During the same period in the previous year, the business posted $0.88 EPS.
Shares of Citizens Financial Group stock opened at $36.83 on Friday. Citizens Financial Group has a 52-week low of $27.62 and a 52-week high of $41.76. The firm has a 50-day moving average price of $34.85. The company has a market cap of $16.88 billion, a PE ratio of 9.69, a P/E/G ratio of 2.18 and a beta of 1.44. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.57.
A number of equities research analysts have recently commented on CFG shares. UBS Group lifted their target price on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Wedbush set a $13.00 target price on SLM and gave the stock a “buy” rating in a research note on Monday, April 22nd. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, July 12th. Finally, ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $40.21.
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 provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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