The stock of Citizens Financial Group Inc (NYSE:CFG) hit a new 52-week high and has $35.94 target or 8.00% above today’s $33.28 share price. The 6 months bullish chart indicates low risk for the $17.36 billion company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $35.94 price target is reached, the company will be worth $1.39B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 911,193 shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 37.13% since April 27, 2016 and is uptrending. It has outperformed by 31.90% 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 $271.25M for 16.00 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 21 analysts covering Citizens Financial Group (NYSE:CFG), 7 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 33% are positive. $33 is the highest target while $25 is the lowest. The $28.15 average target is -15.41% below today’s ($33.28) stock price. Citizens Financial Group has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Bank of America initiated the stock with “Buy” rating in Monday, August 10 report. The firm earned “Equal-Weight” rating on Monday, January 25 by Barclays Capital. The firm has “Outperform” rating by Oppenheimer given on Monday, January 25. Deutsche Bank downgraded Citizens Financial Group Inc (NYSE:CFG) on Tuesday, November 8 to “Hold” rating. Keefe Bruyette & Woods upgraded the shares of CFG in a report on Tuesday, November 29 to “Outperform” rating. As per Monday, November 14, the company rating was downgraded by Sandler O’Neill. The firm has “Outperform” rating given on Tuesday, January 5 by Oppenheimer. The rating was upgraded by Guggenheim to “Neutral” on Wednesday, August 26. The rating was initiated by Wedbush with “Outperform” on Friday, October 7. The stock has “Perform” rating given by Oppenheimer on Tuesday, November 15.
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 dropped, 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.
The United Kingdom-based Gsa Cap Prns Llp has invested 0.02% in Citizens Financial Group Inc (NYSE:CFG). Pinnacle Holding Ltd Company, a Oklahoma-based fund reported 18,705 shares. Utd Ser Automobile Association last reported 165,848 shares in the company. Art Advsrs Ltd Liability Company last reported 347,313 shares in the company. Kbc Grp Nv last reported 82,728 shares in the company. Brandywine Global Management Ltd Llc last reported 0.06% of its portfolio in the stock. Breithorn Mngmt holds 3.4% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 222,561 shares. Princeton Alpha L P holds 0.17% or 46,360 shares in its portfolio. The Alabama-based Fjarde Ap has invested 0.06% in Citizens Financial Group Inc (NYSE:CFG). Ameritas Invest Partners holds 0.01% or 10,458 shares in its portfolio. Moreover, Blair William & Il has 0% invested in Citizens Financial Group Inc (NYSE:CFG) for 12,015 shares. Advantus Cap Mngmt, a Minnesota-based fund reported 51,615 shares. Zwj Inv Counsel accumulated 128,549 shares or 0.26% of the stock. River And Mercantile Asset Mgmt Ltd Liability Partnership has 219,041 shares for 1.89% of their US portfolio. Federated Incorporated Pa accumulated 14,487 shares or 0% of the stock.
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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