Saturday, September 26, 2020

Citizens Financial Group Inc. [CFG] Revenue clocked in at $5.87 billion, down -33.19% YTD: What’s Next?

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Citizens Financial Group Inc. [NYSE: CFG] gained 1.92% or 0.51 points to close at $27.13 with a heavy trading volume of 8590898 shares. The company report on September 9, 2020 that Data Security is Top Concern for Businesses During Pandemic.

More efficient treasury platforms with self-service capabilities also on business leaders’ wish list.

One in three business leaders said data security is a top concern, with 21 percent citing secure authentication and payment authorization as must-have features of their treasury management platform, according to a new survey by Citizens Commercial Banking.

It opened the trading session at $26.83, the shares rose to $27.41 and dropped to $26.49, the range by which the price of stock traded the whole day. The daily chart for CFG points out that the company has recorded 16.24% gains over the past six months. However, it is still -92.14% lower than its most recent low trading price.

If we look at the average trading volume of 5.28M shares, CFG reached to a volume of 8590898 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Citizens Financial Group Inc. [CFG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CFG shares is $29.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CFG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Citizens Financial Group Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on July 31, 2020. The new note on the price target was released on May 04, 2020, representing the official price target for Citizens Financial Group Inc. stock.

The Average True Range (ATR) for Citizens Financial Group Inc. is set at 0.90, with the Price to Sales ratio for CFG stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 25.50.

Trading performance analysis for CFG stock

Citizens Financial Group Inc. [CFG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.67. With this latest performance, CFG shares gained by 4.83% in over the last four-week period, additionally plugging by 16.24% over the last 6 months – not to mention a drop of -25.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CFG stock in for the last two-week period is set at 61.08, with the RSI for the last a single of trading hit 63.25, and the three-weeks RSI is set at 57.69 for Citizens Financial Group Inc. [CFG]. The present Moving Average for the last 50 days of trading for this stock 25.20, while it was recorded at 26.93 for the last single week of trading, and 28.58 for the last 200 days.

Citizens Financial Group Inc. [CFG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Citizens Financial Group Inc. [CFG] shares currently have an operating margin of +28.87. Citizens Financial Group Inc.’s Net Margin is presently recorded at +22.95.

Return on Total Capital for CFG is now 5.96, given the latest momentum, and Return on Invested Capital for the company is 5.15. Return on Equity for this stock inclined to 8.33, with Return on Assets sitting at 1.10. When it comes to the capital structure of this company, Citizens Financial Group Inc. [CFG] has a Total Debt to Total Equity ratio set at 68.95. Additionally, CFG Total Debt to Total Capital is recorded at 40.81, with Total Debt to Total Assets ending up at 9.24. Long-Term Debt to Equity for the company is recorded at 58.72, with the Long-Term Debt to Total Capital now at 32.30.

Reflecting on the efficiency of the workforce at the company, Citizens Financial Group Inc. [CFG] managed to generate an average of $314,211 per employee.

Citizens Financial Group Inc. [CFG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Citizens Financial Group Inc. posted 0.97/share EPS, while the average EPS was predicted by analysts to be reported at 0.96/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CFG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Citizens Financial Group Inc. go to -8.64%.

An analysis of insider ownership at Citizens Financial Group Inc. [CFG]

There are presently around $10,938 million, or 96.10% of CFG stock, in the hands of institutional investors. The top three institutional holders of CFG stocks are: VANGUARD GROUP INC with ownership of 51,009,930, which is approximately -4.808% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 44,280,994 shares of the stock with an approximate value of $1.2 billion in CFG stocks shares; and INVESCO LTD., currently with $629.74 million in CFG stock with ownership of nearly 5.731% of the company’s market capitalization.

Positions in Citizens Financial Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 284 institutional holders increased their position in Citizens Financial Group Inc. [NYSE:CFG] by around 44,633,808 shares. Additionally, 342 investors decreased positions by around 49,775,678 shares, while 50 investors held positions by with 308,744,956 shares. The mentioned changes placed institutional holdings at 403,154,442 shares, according to the latest SEC report filing. CFG stock had 86 new institutional investments in for a total of 7,475,549 shares, while 98 institutional investors sold positions of 4,554,149 shares during the same period.

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