Equities Analysts Offer Predictions for Citizens Financial Group Inc’s FY2019 Earnings (NYSE:CFG)

Equities Analysts Offer Predictions for Citizens Financial Group Inc’s FY2019 Earnings (NYSE:CFG)

Citizens Financial Group Inc (NYSE:CFG) – Equities research analysts at Wedbush cut their FY2019 EPS estimates for Citizens Financial Group in a note issued to investors on Friday, December 20th, Zacks Investment Research reports. Wedbush analyst P. Winter now expects that the bank will post earnings of $3.81 per share for the year, down from their prior estimate of $3.82. Wedbush also issued estimates for Citizens Financial Group’s Q1 2020 earnings at $0.90 EPS, FY2020 earnings at $3.89 EPS and FY2021 earnings at $4.14 EPS.

CFG has been the topic of a number of other research reports. Zacks Investment Research raised Citizens Financial Group from a “strong sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a report on Wednesday, October 23rd. Morgan Stanley dropped their price objective on Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price objective on Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating on the stock in a report on Thursday, October 10th. ValuEngine cut Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Citigroup raised Citizens Financial Group from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $32.00 to $41.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Citizens Financial Group currently has a consensus rating of “Hold” and an average price target of $39.28.

CFG stock opened at $40.43 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.96 and a current ratio of 0.97. The company has a market capitalization of $17.60 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.75 and a beta of 1.49. Citizens Financial Group has a fifty-two week low of $29.26 and a fifty-two week high of $40.92. The stock has a fifty day moving average of $39.20 and a 200-day moving average of $36.08.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 22.29%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS.

Several large investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. raised its holdings in shares of Citizens Financial Group by 3.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 8,729 shares of the bank’s stock valued at $309,000 after acquiring an additional 282 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Citizens Financial Group by 11.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,578 shares of the bank’s stock valued at $127,000 after buying an additional 357 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Citizens Financial Group by 14.5% during the 3rd quarter. Signaturefd LLC now owns 3,285 shares of the bank’s stock valued at $116,000 after buying an additional 415 shares in the last quarter. Prudential PLC raised its holdings in shares of Citizens Financial Group by 0.3% during the 2nd quarter. Prudential PLC now owns 159,470 shares of the bank’s stock valued at $5,581,000 after buying an additional 423 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its holdings in shares of Citizens Financial Group by 3.1% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 14,256 shares of the bank’s stock valued at $504,000 after buying an additional 425 shares in the last quarter. 95.71% of the stock is currently owned by hedge funds and other institutional investors.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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