Compass Point slashes price target on Citizens Financial Group Inc. [CFG] – find out why.

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Citizens Financial Group Inc. [NYSE: CFG] gained 0.90% or 0.45 points to close at $50.35 with a heavy trading volume of 3557908 shares. The company report on May 27, 2021 that Citizens Financial Group, Inc. to Acquire HSBC East Coast Branches and National Online Deposit Business.

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Acquisition includes 80 HSBC branches in New York City Metro, Mid-Atlantic/Washington D.C. and Southeast Florida with approximately $9.0 billion in deposits and $2.2 billion in loans.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) announced that Citizens Bank, N.A. has entered into an agreement to acquire 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A, N.A. Under the agreement, Citizens will acquire approximately $9.0 billion in deposits and approximately $2.2 billion in loans for a 2.0 percent premium paid on deposits at closing. The transaction is expected to be immediately accretive to Citizens’ earnings per share and generate an internal rate of return of approximately 20 percent. The branch acquisition extends Citizens’ physical presence to several attractive markets and adds approximately 800 thousand new customers.

It opened the trading session at $50.70, the shares rose to $51.03 and dropped to $50.14, the range by which the price of stock traded the whole day. The daily chart for CFG points out that the company has recorded 47.48% gains over the past six months. However, it is still -123.48% lower than its most recent low trading price.

If we look at the average trading volume of 5.41M shares, CFG reached to a volume of 3557908 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 $51.24 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.

Compass Point have made an estimate for Citizens Financial Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 12, 2021. The new note on the price target was released on January 12, 2021, representing the official price target for Citizens Financial Group Inc. stock. Previously, the target price had yet another raise from $32 to $34, while Keefe Bruyette kept a Mkt Perform rating on CFG stock.

The Average True Range (ATR) for Citizens Financial Group Inc. is set at 1.30, with the Price to Sales ratio for CFG stock in the period of the last 12 months amounting to 4.23. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 38.04.

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 2.09. With this latest performance, CFG shares gained by 8.79% in over the last four-week period, additionally plugging by 47.48% over the last 6 months – not to mention a rise of 103.60% 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 61.17, with the RSI for the last a single of trading hit 62.38, and the three-weeks RSI is set at 60.33 for Citizens Financial Group Inc. [CFG]. The present Moving Average for the last 50 days of trading for this stock 46.57, while it was recorded at 49.56 for the last single week of trading, and 36.90 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 +17.94. Citizens Financial Group Inc.’s Net Margin is presently recorded at +14.61.

Return on Total Capital for CFG is now 3.74, given the latest momentum, and Return on Invested Capital for the company is 3.27. Return on Equity for this stock inclined to 4.71, with Return on Assets sitting at 0.61. 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 41.56. Additionally, CFG Total Debt to Total Capital is recorded at 29.36, with Total Debt to Total Assets ending up at 5.14. Long-Term Debt to Equity for the company is recorded at 37.04, with the Long-Term Debt to Total Capital now at 23.90.

Reflecting on the efficiency of the workforce at the company, Citizens Financial Group Inc. [CFG] managed to generate an average of $60,111 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 0.53/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 562.50%. 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 -2.76%.

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

There are presently around $20,062 million, or 95.70% of CFG stock, in the hands of institutional investors. The top three institutional holders of CFG stocks are: VANGUARD GROUP INC with ownership of 48,683,725, which is approximately -0.468% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 39,348,560 shares of the stock with an approximate value of $1.98 billion in CFG stocks shares; and STATE STREET CORP, currently with $1.22 billion in CFG stock with ownership of nearly 2.551% of the company’s market capitalization.

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Positions in Citizens Financial Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 371 institutional holders increased their position in Citizens Financial Group Inc. [NYSE:CFG] by around 46,582,569 shares. Additionally, 287 investors decreased positions by around 45,957,657 shares, while 79 investors held positions by with 305,910,664 shares. The mentioned changes placed institutional holdings at 398,450,890 shares, according to the latest SEC report filing. CFG stock had 129 new institutional investments in for a total of 5,602,036 shares, while 49 institutional investors sold positions of 6,611,771 shares during the same period.

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