Citizens Financial Group Inc (NYSE: CFG) Seen Running Too Hot, Let’s Look At This More Closely

With over 4.82 million Citizens Financial Group Inc (CFG) shares trading Monday and a closing price of $26.40 on the day, the dollar volume was approximately $127.24 million. The shares have shown a negative half year performance of -2.26% and its price on 11/27/23 lost nearly -1.75%. Currently, there are 492.28M common shares owned by the public and among those 463.14M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for CFG have a consensus price objective of $31.11. The analysts have set the share’s price value over the next 12 months at a high of $42.00 and a low of $25.00. The average price target is 15.14% above its recent price level and a downside to the estimated low will see the stock lose -5.6% over that period. But an upside of 37.14% will see the stock hit the forecast high price target while median target price for the stock is $31.00.

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Insiders at the company have transacted a total of 104 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 73 of these insider trades were purchases, accounting for 873,864 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 443,928 shares.

Shares of Citizens Financial Group Inc (NYSE: CFG) opened at $26.58, down -$0.29 from a prior closing price of $26.87. However, the script later moved the day high at 26.68, down -1.75%. The company’s stock has a 5-day price change of -4.93% and -3.54% over the past three months. CFG shares are trading -32.94% year to date (YTD), with the 12-month market performance down to -36.48% lower. It has a 12-month low price of $22.77 and touched a high of $44.82 over the same period. CFG has an average intraday trading volume of 5.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.87%, 2.18%, and -9.55% respectively.

Institutional ownership of Citizens Financial Group Inc (NYSE: CFG) shares accounts for 96.58% of the company’s 492.28M shares outstanding.

It has a market capitalization of $12.31B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 6.56, while the earnings-per-share (ttm) stands at $4.03. The company has a PEG of 7.71 and the debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.24% over the week and 2.91% over the month.

Analysts forecast that Citizens Financial Group Inc (CFG) will achieve an EPS of $0.77 for the current quarter, $0.78 for the next quarter and $3.4 for 2024. The lowest estimate earnings-per-share for the quarter is $0.43 while analysts give the company a high EPS estimate of $0.9. Comparatively, EPS for the current quarter was $1.25 a year ago. Earnings per share for the fiscal year are expected to decrease by -13.54%, and -4.21% over the next financial year. EPS should shrink at an annualized rate of 0.85% over the next five years, compared to 4.75% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate Citizens Financial Group Inc (CFG) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 10 of the 22 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the CFG, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on October 25, 2023, with the firm’s price target at $29-$26.

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