The stock of Citizens Financial Group Inc (NYSE:CFG) reached all time high today, Nov, 30 and still has $35.32 target or 6.00% above today’s $33.32 share price. This indicates more upside for the $17.38B company. This technical setup was reported by Barchart.com. If the $35.32 PT is reached, the company will be worth $1.04 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.70M shares traded hands. Citizens Financial Group Inc (NYSE:CFG) has risen 37.13% since April 27, 2016 and is uptrending. It has outperformed by 31.90% the S&P500.
Analysts await Citizens Financial Group Inc (NYSE:CFG) to report earnings on January, 27. They expect $0.52 EPS, up 23.81% or $0.10 from last year’s $0.42 per share. CFG’s profit will be $271.24M for 16.02 P/E if the $0.52 EPS becomes a reality. After $0.52 actual EPS reported by Citizens Financial Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Citizens Financial Group Inc (NYSE:CFG) Ratings Coverage
Out of 21 analysts covering Citizens Financial Group (NYSE:CFG), 7 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 33% are positive. Citizens Financial Group has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Bank of America initiated the stock with “Buy” rating in Monday, August 10 report. The rating was upgraded by Zacks on Friday, August 21 to “Sell”. The rating was upgraded by Zacks to “Sell” on Thursday, August 27. The rating was upgraded by UBS on Wednesday, September 30 to “Buy”. The stock of Citizens Financial Group Inc (NYSE:CFG) earned “Buy” rating by Ladenburg Thalmann on Monday, October 12. The company was maintained on Wednesday, October 12 by Citigroup. Citigroup upgraded the shares of CFG in a report on Monday, October 12 to “Buy” rating. The rating was upgraded by Guggenheim on Wednesday, August 26 to “Neutral”. The company was maintained on Wednesday, October 14 by Credit Suisse. Bernstein upgraded it to “Outperform” rating and $29 target price in Wednesday, August 26 report.
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 2016 Q2. Its down 0.64, from 1.66 in 2016Q1. The ratio is negative, 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.
Old Mutual Glob Investors (Uk) Limited accumulated 878,308 shares or 0.33% of the stock. Kbc Group Inc Nv holds 82,728 shares or 0.02% of its portfolio. Capstone Asset Communications, a Texas-based fund reported 23,350 shares. Pzena Invest Lc has 0.26% invested in the company for 2.10 million shares. Nelson Roberts Advsr Ltd has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Cornercap Inv Counsel Inc holds 0.36% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 95,075 shares. Teachers Advsr holds 0.02% or 569,700 shares in its portfolio. Euclid Advsr Ltd Llc, a Connecticut-based fund reported 3,580 shares. Algebris Investments (Uk) Limited Liability Partnership accumulated 0.28% or 82,000 shares. Fny Managed Accounts Ltd has invested 0% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Allianz Asset Mngmt Ag holds 0.01% or 682,610 shares in its portfolio. Rbf Ltd Liability Corp has invested 0.13% of its portfolio in Citizens Financial Group Inc (NYSE:CFG). Two Sigma Ltd Liability Company holds 12,553 shares or 0.14% of its portfolio. Arizona State Retirement Systems holds 0.04% or 129,800 shares in its portfolio. Harvest Strategies Limited Liability Corporation accumulated 0.14% or 50,702 shares.
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).
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