Is Citizens Financial Group Inc (NYSE:CFG) being unfairly punished by investors?

In yesterday’s Wall Street session, Citizens Financial Group Inc (NYSE:CFG) shares traded at $26.17, up 5.10% from the previous session.

22 analysts cover Citizens Financial Group Inc (NYSE:CFG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $25.00, we find $32.00. Given the previous closing price of $24.90, this indicates a potential upside of 28.51 percent. CFG stock price is now -0.32% away from the 50-day moving average and -14.02% away from the 200-day moving average. The market capitalization of the company currently stands at $12.36B.

The stock has received a hold rating from 10 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $31.37 as their price target over the next twelve months.

With the price target reduced from $29 to $26, Piper Sandler Downgraded its rating from Overweight to Neutral for Citizens Financial Group Inc (NYSE: CFG).

In other news, Lillis Terrance, Director bought 1,000 shares of the company’s stock on Oct 27. The stock was bought for $22,865 at an average price of $22.86. Upon completion of the transaction, the Director now directly owns 4,000 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Director Lillis Terrance bought 1,000 shares of the business’s stock. A total of $26,390 was incurred on buying the stock at an average price of $26.39. This leaves the insider owning 3,000 shares of the company worth $78510.0. Insiders disposed of 451,690 shares of company stock worth roughly $11.82 million over the past 1 year. A total of 0.66% of the company’s stock is owned by insiders.

On Friday morning Citizens Financial Group Inc (NYSE: CFG) stock kicked off with the opening price of $26.01. During the past 12 months, Citizens Financial Group Inc has had a low of $22.77 and a high of $44.82. The fifty day moving average price for CFG is $26.24 and a two-hundred day moving average price translates $30.37 for the stock.

The latest earnings results from Citizens Financial Group Inc (NYSE: CFG) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $0.85, missing analysts’ expectations of $0.9 by -0.05. This compares to $0.67 EPS in the same period last year. The net profit margin was 16.34% and return on equity was 9.00% for CFG. The company reported revenue of $2.53 billion for the quarter, compared to $1.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 55.66 percent. For the current quarter, analysts expect CFG to generate $2.02B in revenue.

Citizens Financial Group Inc(CFG) Company Profile

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves government banking, not-for-profit, healthcare, technology, professionals, oil and gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.

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