Citizens Financial Group, Inc. (NYSE:CFG) has been upgraded by Citigroup, which now rates the stock as Buy versus Neutral prior rating , according to a note issued on January 09. Analysts at RBC Capital Mkts, shed their negative views on January 02 by lifting it fromSector Perform to Outperform. Brokerage firm Barclays, looks cautious as they stick to prior recommendation of Equal Weight, in a call on January 02. However, they did change the target price from $51 to $41. Macquarie analysts came out with bullish views on November 27 when the call was made. They think the stock is now Outperform compared to to their prior call for Neutral.
Citizens Financial Group, Inc. (CFG) hit an intraday high Tuesday at $36.15. The shares finished at $36.02, after trading as low as $35.72 earlier in the session. It rose 1.61% in recent trade and currently has a stock-market value of $16.91B. Trading activity significantly weakened as the volume at ready counter decreased to 4,705,321 shares versus 5,183,405 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 5,289,373 shares. The stock is now 30.41% above against its bear-market low of $27.62 on December 26, 2018. It has retreated -30.37% since it’s 52-week high of $46.96 reached in February. Now the market price is down -16.33% on the year and up 21.16% YTD.
CFG’s 50 day simple moving average (SMA 50) price is $32.84 and its 200-day simple moving average (SMA 200) price is $37.99. The company’s stock currently has a total float of 464.87M shares. Its weekly volatility is hovering around 1.72% and felt 2.05% volatility in price over a month. On the upside, the share price will test short term resistance at around $36.21. On a downside, the stock is likely to find some support, which begins at $35.78. The failure to get near-term support could push it to $35.53.
Separately, it has been reported that multiple insider activity took place at Citizens Financial Group, Inc. (CFG). Director Subramaniam Shivan S. acquired 3,000 shares for $38,963 in transaction occurred on 2018/11/21. After making this transaction, the Director owns a direct stake of 105,960 shares, worth $1,403,447, as per the last closing price. On 2018/10/23 Koch Charles John, Director at CFG, purchased 14,000 shares at an average price of $36.32 per share. The new stake is valued at $1,798,731.
Controller, Black Randall J had divested 792 shares for $34,258 through a trade on 2018/06/05. Following this activity, the insider holds 32,860 shares worth $1,233,973 as of recent close. Wall Street’s most bullish Citizens Financial Group, Inc. (NYSE:CFG) analysts are predicting the share price to blow past $53 per share during the next 12 months. The current median share price forecast by them is $40, suggesting that the stock could increase 11.05% in that time frame. The average price target of $41.6 calls for a nearly 15.49% increase in the stock price.
When looking at valuations, Citizens Financial Group, Inc. (CFG) has a cheap P/E of 10.4x as compared to industry average of 19.55x. Moreover, it trades for 8.57 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.87x price/book and 2.94x price/sales. Compared to others, Citizens Financial Group, Inc. is in a different league with regards to profitability, having net margins of 31.5%. To put some perspective around this, the industry’s average net margin is 32.82%. CFG’s ROE is 9.1%, which is also considerably worse than the industry’s ROE of 16.76%.
Shares of Citizens Financial Group, Inc. (CFG) have gained 4.6% since the company’s last earnings report. Over the past 12 fiscal quarters, Citizens Financial Group, Inc. (NYSE:CFG) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. CFG last reported earnings on January 18, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $0.96 per share, -45.76% change on the same period last year. That was better than consensus for $0.94. Revenue for the recent quarter stood at $1.59 billion, up 9% on last year and below the $1.6 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.57 billion to $1.6 billion, which should be compared with $1.56 billion generated last year. EPS is seen in a range of $0.85 to $0.95, against the $0.84 reported a year ago.