A share price of Citizens Financial Group Inc [CFG] is currently trading at $31.63, up 0.76%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CFG shares have gain 1.54% over the last week, with a monthly amount drifted -3.27%, and not seem to be holding up well over a long-time horizon.
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On 20, February 2024, Citizens Financial Group to Participate at the 2024 RBC Capital Markets Financial Institutions Conference. In a post published today on Yahoo Finance, Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chair and Chief Financial Officer John Woods and Chief Risk Officer Richard Stein will participate at the RBC Capital Markets Financial Institutions Conference to be held on Tuesday, March 5, 2024 at 10:00 am ET.
From an analyst’s perspective:
Citizens Financial Group Inc [NYSE: CFG] stock has seen the most recent analyst activity on February 05, 2024, when Citigroup upgraded its rating to a Buy but kept the price target unchanged to $36 for it. Previously, Barclays downgraded its rating to Equal Weight on January 02, 2024, and elevated its price target to $40. On December 04, 2023, downgrade downgraded it’s rating to Equal-Weight but maintained its price target of $31 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $26 on October 25, 2023. Wolfe Research upgraded its rating to a Peer Perform. Evercore ISI downgraded its rating to In-line for this stock on July 10, 2023, and downed its price target to $29. In a note dated June 29, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $29 to $27.
Citizens Financial Group Inc experienced fluctuations in its stock price throughout the past year between $22.77 and $41.84. Currently, Wall Street analysts expect the stock to reach $49 within the next 12 months. Citizens Financial Group Inc [NYSE: CFG] shares were valued at $31.63 at the most recent close of the market. An investor can expect a potential return of 54.92% based on the average CFG price forecast.
Analyzing the CFG fundamentals
Trailing Twelve Months sales for Citizens Financial Group Inc [NYSE:CFG] were 12.21B which represents 7.90% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.84 points at the first support level, and at 30.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.12, and for the 2nd resistance point, it is at 32.62.
Citizens Financial Group Inc [CFG] reported earnings per share of $0.34 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.71/share, meaning a difference of -$0.37 and a surprise factor of -52.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.85 per share as compared to estimates of $0.9 per share, a difference of -$0.05 representing a surprise of -5.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Citizens Financial Group Inc [NYSE:CFG] is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 0.66 and price to earnings (TTM) ratio is 10.16.
Transactions by insiders
Recent insider trading involved Lillis Terrance, Director, that happened on Oct 27 when 1000.0 shares were purchased. Director, Lillis Terrance completed a deal on May 17 to buy 1000.0 shares. Meanwhile, Director Subramaniam Shivan S. bought 3300.0 shares on Apr 21.
