why Citizens Financial Group Inc. [CFG] is a Good Choice for Investors After New Price Target of $56.22


Citizens Financial Group Inc. [NYSE: CFG] gained 4.54% on the last trading session, reaching $51.37 price per share at the time. The company report on December 22, 2021 that Citizens Financial Group Announces Fourth Quarter and Full Year 2021 Earnings Conference Call Details.

As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its fourth quarter and full year 2021 earnings on January 19, 2022. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows:.

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Citizens Financial Group Inc. represents 426.09 million in outstanding shares, while the company has a total market value of $21.90 billion with the latest information. CFG stock price has been found in the range of $49.90 to $51.76.

If compared to the average trading volume of 4.07M shares, CFG reached a trading volume of 6051387 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 $56.22 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 2.00. 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.

Morgan Stanley have made an estimate for Citizens Financial Group Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 24, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on July 16, 2021, representing the official price target for Citizens Financial Group Inc. stock. Previously, the target price had yet another raise to $54, while Keefe Bruyette analysts kept a Outperform rating on CFG stock.

The Average True Range (ATR) for Citizens Financial Group Inc. is set at 1.42, with the Price to Sales ratio for CFG stock in the period of the last 12 months amounting to 4.47. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 37.00.

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 8.60. With this latest performance, CFG shares gained by 10.83% in over the last four-week period, additionally plugging by 15.67% over the last 6 months – not to mention a rise of 41.55% 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 68.75, with the RSI for the last a single of trading hit 78.44, and the three-weeks RSI is set at 63.22 for Citizens Financial Group Inc. [CFG]. The present Moving Average for the last 50 days of trading for this stock 48.07, while it was recorded at 48.47 for the last single week of trading, and 46.36 for the last 200 days.

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

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%.

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

There are presently around $19,814 million, or 97.80% of CFG stock, in the hands of institutional investors. The top three institutional holders of CFG stocks are: VANGUARD GROUP INC with ownership of 49,659,666, which is approximately 1.054% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 41,959,693 shares of the stock with an approximate value of $2.06 billion in CFG stocks shares; and STATE STREET CORP, currently with $1.19 billion in CFG stock with ownership of nearly 0.885% of the company’s market capitalization.

350 institutional holders increased their position in Citizens Financial Group Inc. [NYSE:CFG] by around 37,517,622 shares. Additionally, 307 investors decreased positions by around 25,946,394 shares, while 101 investors held positions by with 339,753,587 shares. The mentioned changes placed institutional holdings at 403,217,603 shares, according to the latest SEC report filing. CFG stock had 75 new institutional investments in for a total of 4,919,989 shares, while 57 institutional investors sold positions of 4,884,261 shares during the same period.