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

Citizens Financial Group Inc. [NYSE: CFG] closed the trading session at $39.66 on 11/09/22. The day’s price range saw the stock hit a low of $39.19, while the highest price level was $40.055. The company report on November 3, 2022 that Citizens Announces $300,000 Grant for Veteran Small Businesses in the Bronx.

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Citizens and Military Warriors recognize first Hope4Heroes grant recipient.

Citizens today announced a $300,000 grant to empower veteran-owned small business in the Bronx, in partnership with Military Warriors Support Foundation (MWSF) and the Hope4Heroes program. The grant will provide tailored support and resources to strengthen veteran-owned business, such as storefront renovation, new technology and technical training, and includes one year of financial mentorship.

The stocks have a year to date performance of -16.06 percent and weekly performance of 0.25 percent. The stock has been moved at 4.29 percent over the last six months. The stock has performed 15.63 percent around the most recent 30 days and changed 0.71 percent over the most recent 3-months.

If compared to the average trading volume of 4.40M shares, CFG reached to a volume of 4277853 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $45.16 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.

Wedbush have made an estimate for Citizens Financial Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 28, 2022. While these analysts kept the previous recommendation, UBS raised their target price from $48 to $54. The new note on the price target was released on May 16, 2022, representing the official price target for Citizens Financial Group Inc. stock. On April 05, 2022, analysts decreased their price target for CFG shares from 64 to 54.

The Average True Range (ATR) for Citizens Financial Group Inc. is set at 1.19, with the Price to Sales ratio for CFG stock in the period of the last 12 months amounting to 3.31. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 17.26. Price to Free Cash Flow for CFG in the course of the last twelve months was 5.39.

CFG stock trade performance evaluation

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 0.25. With this latest performance, CFG shares gained by 15.63% in over the last four-week period, additionally plugging by 4.29% over the last 6 months – not to mention a drop of -17.08% 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 57.29, with the RSI for the last a single of trading hit 55.44, and the three-weeks RSI is set at 56.73 for Citizens Financial Group Inc. [CFG]. The present Moving Average for the last 50 days of trading for this stock 37.06, while it was recorded at 39.87 for the last single week of trading, and 41.05 for the last 200 days.

Citizens Financial Group Inc. [CFG]: An insightful look at the core 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.

Earnings per share (EPS) analysis for Citizens Financial Group Inc. [CFG] stock

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 2.05%.

Citizens Financial Group Inc. [CFG]: Insider Ownership positions

There are presently around $17,601 million, or 91.80% of CFG stock, in the hands of institutional investors. The top three institutional holders of CFG stocks are: VANGUARD GROUP INC with ownership of 57,265,654, which is approximately 1.78% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 46,644,056 shares of the stock with an approximate value of $1.85 billion in CFG stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.26 billion in CFG stock with ownership of nearly 12.071% of the company’s market capitalization.

Positions in Citizens Financial Group Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 366 institutional holders increased their position in Citizens Financial Group Inc. [NYSE:CFG] by around 26,146,073 shares. Additionally, 394 investors decreased positions by around 41,754,171 shares, while 98 investors held positions by with 375,903,807 shares. The mentioned changes placed institutional holdings at 443,804,051 shares, according to the latest SEC report filing. CFG stock had 71 new institutional investments in for a total of 5,914,865 shares, while 110 institutional investors sold positions of 6,350,614 shares during the same period.


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