FY2019 EPS Estimates for Citizens Financial Group (CFG) Lifted by Analyst

Citizens Financial Group (NYSE:CFG) – Wedbush boosted their FY2019 earnings estimates for shares of Citizens Financial Group in a report released on Monday, April 16th. Wedbush analyst P. Winter now expects that the bank will earn $3.84 per share for the year, up from their prior estimate of $3.81.

How to Become a New Pot Stock Millionaire

A number of other research analysts have also recently weighed in on the stock. Citigroup dropped their target price on shares of Citizens Financial Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 9th. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Deutsche Bank upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Tuesday, April 3rd. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, ValuEngine upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $42.64.

Citizens Financial Group stock opened at $41.29 on Tuesday. Citizens Financial Group has a fifty-two week low of $31.51 and a fifty-two week high of $48.23. The stock has a market cap of $20,604.10, a P/E ratio of 16.00, a PEG ratio of 0.71 and a beta of 1.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.96 and a current ratio of 0.96.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently bought and sold shares of CFG. Dimensional Fund Advisors LP raised its position in shares of Citizens Financial Group by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,068,943 shares of the bank’s stock valued at $116,207,000 after purchasing an additional 130,121 shares during the period. First Republic Investment Management Inc. raised its position in shares of Citizens Financial Group by 23.6% in the third quarter. First Republic Investment Management Inc. now owns 7,649 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,458 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Citizens Financial Group by 25.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,940 shares of the bank’s stock valued at $564,000 after purchasing an additional 3,058 shares during the period. Neuberger Berman Group LLC raised its position in shares of Citizens Financial Group by 10.1% in the third quarter. Neuberger Berman Group LLC now owns 42,357 shares of the bank’s stock valued at $1,604,000 after purchasing an additional 3,874 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $519,000. 97.12% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This article was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.thelincolnianonline.com/2018/04/18/fy2019-eps-estimates-for-citizens-financial-group-cfg-lifted-by-analyst.html.

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.

Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply