The stock of Citizens Financial Group Inc (NYSE:CFG) reached all time high today, Nov, 23 and still has $34.60 target or 8.00% above today’s $32.04 share price. This indicates more upside for the $16.40 billion company. This technical setup was reported by Barchart.com. If the $34.60 PT is reached, the company will be worth $1.31 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.03M shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 35.66% since April 21, 2016 and is uptrending. It has outperformed by 30.33% the S&P500.
Analysts await Citizens Financial Group Inc (NYSE:CFG) to report earnings on January, 27. They expect $0.52 EPS, up 23.81% or $0.10 from last year’s $0.42 per share. CFG’s profit will be $266.17M for 15.40 P/E if the $0.52 EPS becomes a reality. After $0.52 actual EPS reported by Citizens Financial Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage
Out of 20 analysts covering Citizens Financial Group (NYSE:CFG), 6 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 30% are positive. Citizens Financial Group has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Wednesday, September 30, the company rating was upgraded by UBS. The firm earned “Sell” rating on Friday, August 21 by Zacks. The stock has “Buy” rating given by Bank of America on Monday, August 10. Bernstein downgraded the stock to “Mkt Perform” rating in Wednesday, November 16 report. The stock has “Outperform” rating given by Oppenheimer on Monday, January 25. The stock of Citizens Financial Group Inc (NYSE:CFG) earned “Neutral” rating by Piper Jaffray on Wednesday, November 16. As per Wednesday, September 2, the company rating was upgraded by Sandler O’Neill. Ladenburg Thalmann upgraded Citizens Financial Group Inc (NYSE:CFG) on Monday, October 12 to “Buy” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, January 25 report. The stock has “Buy” rating given by Compass Point on Tuesday, January 26.
According to Zacks Investment Research, “Citizens Financial Group, Inc. is a retail bank holding company. It offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. The Bank offers consumer loans, commercial loans, mortgage loans, deposit products, internet banking, and trust services. It also operates online, telephone, and mobile banking platforms. Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.64, from 1.66 in 2016Q1. The ratio dived, as 39 funds sold all Citizens Financial Group Inc shares owned while 109 reduced positions. 58 funds bought stakes while 187 increased positions. They now own 480.62 million shares or 3.26% less from 496.81 million shares in 2016Q1.
Retail Bank Of Nova Scotia last reported 10,510 shares in the company. Catalyst Advisors Limited Co accumulated 0.26% or 71,500 shares. Blackrock last reported 2.56M shares in the company. New Mountain Vantage Advisers Limited Liability Corp has invested 3.01% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Sound Shore Mgmt Ct has invested 0.98% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Twin Tree Mngmt Ltd Partnership accumulated 0.02% or 56,382 shares. The Missouri-based Stieven L P has invested 2.4% in Citizens Financial Group Inc (NYSE:CFG). Checchi Cap Advisers Ltd Co accumulated 0% or 1,182 shares. Cantab Prns Llp last reported 0% of its portfolio in the stock. Franklin Res, a California-based fund reported 25.18M shares. University Of Notre Dame Du Lac has invested 1.73% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Teachers Advisors accumulated 569,700 shares or 0.02% of the stock. Fund Mngmt Sa last reported 1.77 million shares in the company. Gideon Advsrs Inc has 130,453 shares for 1.52% of their US portfolio. Mizuho Asset Mgmt Coltd holds 42,065 shares or 0.15% of its portfolio.
Another recent and important Citizens Financial Group Inc (NYSE:CFG) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …” on October 27, 2016.
CFG Company Profile
Citizens Financial Group, Inc., incorporated on November 21, 1984, is a retail bank holding firm in the United States. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. The Firm operates approximately 1,200 branches in over 10 states footprint across the New England, Mid-Atlantic and Midwest regions, and through its online, telephone and mobile banking platforms. The Firm operates in two divisions: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).
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