Today’s Market Runner: After Achieving 52-Week High, Is Citizens Financial Group Inc’s Near-Term Analysis Positive?

Today's Market Runner: After Achieving 52 Week High, Is Citizens Financial Group Inc's Near Term Analysis Positive?

The stock of Citizens Financial Group Inc (NYSE:CFG) hit a new 52-week high and has $50.77 target or 60.00% above today’s $31.73 share price. The 5 months bullish chart indicates low risk for the $16.36 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $50.77 price target is reached, the company will be worth $9.82B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 335,382 shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 38.40% since April 19, 2016 and is uptrending. It has outperformed by 34.54% the S&P500.

Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage

Out of 20 analysts covering Citizens Financial Group (NYSE:CFG), 6 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 30% are positive. Citizens Financial Group has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, August 10 by Bank of America. Wedbush initiated Citizens Financial Group Inc (NYSE:CFG) on Friday, October 7 with “Outperform” rating. Citigroup upgraded Citizens Financial Group Inc (NYSE:CFG) on Monday, October 12 to “Buy” rating. On Wednesday, July 22 the stock rating was maintained by Compass Point with “Buy”. Piper Jaffray initiated the stock with “Overweight” rating in Tuesday, November 24 report. Bernstein downgraded the stock to “Mkt Perform” rating in Wednesday, November 16 report. The stock of Citizens Financial Group Inc (NYSE:CFG) has “Buy” rating given on Wednesday, September 30 by UBS. The firm earned “Buy” rating on Monday, October 24 by UBS. Oppenheimer maintained it with “Outperform” rating and $30.0 target price in Tuesday, January 5 report. The stock of Citizens Financial Group Inc (NYSE:CFG) has “Buy” rating given on Monday, June 6 by Citigroup.

According to Zacks Investment Research, “Citizens Financial Group, Inc. is a retail bank holding company. It offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. The Bank offers consumer loans, commercial loans, mortgage loans, deposit products, internet banking, and trust services. It also operates online, telephone, and mobile banking platforms. Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.64, from 1.66 in 2016Q1. The ratio dropped, as 39 funds sold all Citizens Financial Group Inc shares owned while 109 reduced positions. 58 funds bought stakes while 187 increased positions. They now own 480.62 million shares or 3.26% less from 496.81 million shares in 2016Q1.
Holowesko Ltd owns 1.34 million shares or 2.26% of their US portfolio. Moreover, Olstein Mngmt L P has 1.53% invested in Citizens Financial Group Inc (NYSE:CFG) for 566,290 shares. Pzena Inv Management Limited Liability Company holds 2.10 million shares or 0.26% of its portfolio. Arrowpoint Asset Limited Liability Corporation has 624,504 shares for 0.25% of their US portfolio. Fred Alger Management Inc reported 78,484 shares or 0.01% of all its holdings. Bluecrest Cap Mngmt Limited accumulated 130,117 shares or 0.11% of the stock. The New York-based Cipher L P has invested 0.56% in Citizens Financial Group Inc (NYSE:CFG). The Illinois-based Envestnet Asset Inc has invested 0.01% in Citizens Financial Group Inc (NYSE:CFG). Twin Tree Management Lp accumulated 56,382 shares or 0.02% of the stock. The New York-based Neuberger Berman Group Inc Ltd Company has invested 0% in Citizens Financial Group Inc (NYSE:CFG). Cornerstone Holdings Ltd Liability Corporation holds 0.05% or 321,152 shares in its portfolio. Catalyst Advisors has 0.26% invested in the company for 71,500 shares. Aviva Public Limited Company, a United Kingdom-based fund reported 318,444 shares. Srb last reported 0.02% of its portfolio in the stock. Goelzer Investment Incorporated holds 0.43% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 154,496 shares.

More news for Citizens Financial Group Inc (NYSE:CFG) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …” on October 27, 2016. Finance.Yahoo.com‘s article titled: “Zacks.com featured highlights: General Motors, Dean Foods, Citizens Financial …” and published on November 16, 2016 is yet another important article.

CFG Company Profile

Citizens Financial Group, Inc., incorporated on November 21, 1984, is a retail bank holding firm in the United States. The Firm offers a range of retail and commercial banking services and products to individuals, institutions and companies. The Firm operates approximately 1,200 branches in over 10 states footprint across the New England, Mid-Atlantic and Midwest regions, and through its online, telephone and mobile banking platforms. The Firm operates in two divisions: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank, N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment