In yesterday’s Wall Street session, Citizens Financial Group Inc (NYSE:CFG) shares traded at $34.84, up 3.94% from the previous session.
CFG stock price is now 7.41% away from the 50-day moving average and 19.50% away from the 200-day moving average. The market capitalization of the company currently stands at $15.98B.
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With the price target maintained at $36, Citigroup recently Upgraded its rating from Neutral to Buy for Citizens Financial Group Inc (NYSE: CFG). On January 02, 2024, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $38 to quote $40, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Read Craig Jack, Controller sold 4,508 shares of the company’s stock on Mar 05 ’24. The stock was sold for $151,198 at an average price of $33.54. Upon completion of the transaction, the Controller now directly owns 43,885 shares in the company, valued at $1.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 27 ’23, Director Lillis Terrance bought 1,000 shares of the business’s stock. A total of $22,865 was incurred on buying the stock at an average price of $22.86. This leaves the insider owning 4,000 shares of the company worth $0.14 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Citizens Financial Group Inc has had a low of $22.77 and a high of $34.79. The fifty day moving average price for CFG is $32.46 and a two-hundred day moving average price translates $29.19 for the stock.
The latest earnings results from Citizens Financial Group Inc (NYSE: CFG) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at $0.34, missing analysts’ expectations of $0.71 by -0.37. This compares to $1.27 EPS in the same period last year. The net profit margin was 12.21% and return on equity was 6.70% for CFG. The company reported revenue of $2.68 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.83 percent. For the current quarter, analysts expect CFG to generate $1.96B in revenue.
