Evercore ISI Raises Citizens Financial Group (NYSE:CFG) Price Target to $39.00

Citizens Financial Group (NYSE:CFG) had its price objective hoisted by investment analysts at Evercore ISI from $35.00 to $39.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “in-line” rating on the bank’s stock. Evercore ISI’s price target suggests a potential upside of 8.30% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Citizens Financial Group from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, December 18th. Barclays lowered shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, January 2nd. StockNews.com lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Keefe, Bruyette & Woods increased their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. Finally, Citigroup upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.63.

Citizens Financial Group Stock Up 0.5 %

Shares of CFG traded up $0.19 on Thursday, reaching $36.01. The company’s stock had a trading volume of 692,292 shares, compared to its average volume of 5,903,675. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Citizens Financial Group has a twelve month low of $22.77 and a twelve month high of $36.18. The stock has a market capitalization of $16.51 billion, a PE ratio of 11.55 and a beta of 1.36. The firm has a fifty day moving average of $32.67 and a 200-day moving average of $29.76.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). Citizens Financial Group had a return on equity of 7.40% and a net margin of 13.19%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The company’s revenue was down 9.2% on a year-over-year basis. Equities analysts predict that Citizens Financial Group will post 3.21 EPS for the current year.

Insider Buying and Selling

In related news, insider Craig Jack Read sold 4,508 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the completion of the transaction, the insider now directly owns 43,885 shares of the company’s stock, valued at approximately $1,471,902.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Alps Advisors Inc. boosted its holdings in Citizens Financial Group by 32.5% in the 3rd quarter. Alps Advisors Inc. now owns 12,212 shares of the bank’s stock valued at $327,000 after purchasing an additional 2,992 shares during the period. Tudor Investment Corp Et Al boosted its holdings in Citizens Financial Group by 123.0% in the 2nd quarter. Tudor Investment Corp Et Al now owns 491,005 shares of the bank’s stock valued at $12,805,000 after purchasing an additional 270,777 shares during the period. Point72 Middle East FZE boosted its holdings in Citizens Financial Group by 115.3% in the 2nd quarter. Point72 Middle East FZE now owns 410,162 shares of the bank’s stock valued at $10,697,000 after purchasing an additional 219,670 shares during the period. Natixis bought a new position in Citizens Financial Group in the 2nd quarter valued at $711,000. Finally, SeaTown Holdings Pte. Ltd. boosted its holdings in Citizens Financial Group by 3,222.9% in the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank’s stock valued at $31,168,000 after purchasing an additional 1,128,000 shares during the period. 94.90% of the stock is owned by institutional investors.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.