Citizens Financial Group Inc. [NYSE: CFG] stock went on a downward path that fall over -0.89% on Wednesday, amounting to a one-week price decrease of less than -3.21%. The company report on July 6, 2022 that Citizens Financial Group Announces Second Quarter 2022 Earnings Conference Call Details.
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As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its second quarter 2022 earnings on July 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:.
Over the last 12 months, CFG stock dropped by -20.45%. The one-year Citizens Financial Group Inc. stock forecast points to a potential upside of 28.41. The average equity rating for CFG stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $17.41 billion, with 422.40 million shares outstanding and 419.25 million shares in the current float. Compared to the average trading volume of 6.69M shares, CFG stock reached a trading volume of 4312324 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $49.67 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.
UBS have made an estimate for Citizens Financial Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2022. The new note on the price target was released on April 11, 2022, representing the official price target for Citizens Financial Group Inc. stock. Previously, the target price had yet another drop from $64 to $54, 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 3.59. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 25.12. Price to Free Cash Flow for CFG in the course of the last twelve months was 4.72.
CFG Stock Performance Analysis:
Citizens Financial Group Inc. [CFG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.21. With this latest performance, CFG shares dropped by -12.13% in over the last four-week period, additionally sinking by -27.64% over the last 6 months – not to mention a drop of -20.45% 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 40.87, with the RSI for the last a single of trading hit 40.37, and the three-weeks RSI is set at 41.01 for Citizens Financial Group Inc. [CFG]. The present Moving Average for the last 50 days of trading for this stock 38.40, while it was recorded at 35.88 for the last single week of trading, and 46.16 for the last 200 days.
Insight into Citizens Financial Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Citizens Financial Group Inc. [CFG] shares currently have an operating margin of +42.18. Citizens Financial Group Inc.’s Net Margin is presently recorded at +32.86.
Return on Equity for this stock inclined to 10.06, with Return on Assets sitting at 1.24.
CFG Stock EPS
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 2.44%.
Citizens Financial Group Inc. [CFG] Insider Position Details
There are presently around $16,738 million, or 84.40% of CFG stock, in the hands of institutional investors. The top three institutional holders of CFG stocks are: VANGUARD GROUP INC with ownership of 56,264,291, which is approximately -0.109% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 51,436,104 shares of the stock with an approximate value of $1.85 billion in CFG stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.01 billion in CFG stock with ownership of nearly -2.954% 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 425 institutional holders increased their position in Citizens Financial Group Inc. [NYSE:CFG] by around 37,962,421 shares. Additionally, 373 investors decreased positions by around 28,410,097 shares, while 122 investors held positions by with 400,125,859 shares. The mentioned changes placed institutional holdings at 466,498,377 shares, according to the latest SEC report filing. CFG stock had 102 new institutional investments in for a total of 3,900,561 shares, while 84 institutional investors sold positions of 3,406,394 shares during the same period.