Citizens Financial Group Inc (NYSE: CFG) – Suitable For Long Term Buy?

Currently, there are 466.42M common shares owned by the public and among those 455.43M shares have been available to trade.

Insiders at the company have transacted a total of 60 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 74,630 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 62,760 shares.

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However, the script later moved the day high at 33.72, up 5.23%. The company’s stock has a 5-day price change of 8.53% and 17.81% over the past three months. CFG shares are trading 1.39% year to date (YTD), with the 12-month market performance down to -18.01% lower. It has a 12-month low price of $22.77 and touched a high of $41.37 over the same period. CFG has an average intraday trading volume of 5.74 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 7.22%, 4.12%, and 16.80% respectively.

Institutional ownership of Citizens Financial Group Inc (NYSE: CFG) shares accounts for 96.30% of the company’s 466.42M shares outstanding.

It has a market capitalization of $15.41B and a beta (3y monthly) value of 1.35. The stock’s trailing 12-month PE ratio is 10.80, while the earnings-per-share (ttm) stands at $3.11. The company has a PEG of 12.70 and the debt-to-equity ratio at 0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.53% over the week and 2.90% over the month.

Analysts forecast that Citizens Financial Group Inc (CFG) will achieve an EPS of $0.74 for the current quarter, $0.76 for the next quarter and $4.05 for 2025. The lowest estimate earnings-per-share for the quarter is $0.54 while analysts give the company a high EPS estimate of $0.81. Comparatively, EPS for the current quarter was $1 a year ago. Earnings per share for the fiscal year are expected to increase by 3.55%, and 24.74% over the next financial year. EPS should grow at an annualized rate of 0.85% over the next five years, compared to -2.34% over the past 5-year period.

Looking at the support for the CFG, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on February 05, 2024, with the firm’s price target at $36. Barclays coverage for the Citizens Financial Group Inc (CFG) stock in a research note released on January 02, 2024 offered a Equal Weight rating with a price target of $40. Morgan Stanley was of a view on December 04, 2023 that the stock is Equal-Weight, while Piper Sandler gave the stock Neutral rating on October 25, 2023, issuing a price target of $29- $26. Wolfe Research on their part issued Peer Perform rating on October 23, 2023.

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