Citizens Financial Group Inc. (CFG): What the Financials Tell Us

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Citizens Financial Group Inc. (NYSE:CFG) saw a downside of -1.41% to close Tuesday at $41.82 after subtracting -$0.6 on the day. The 5-day average trading volume is 5,731,220 shares of the company’s common stock. It has gained $42.72 in the past week and touched a new high 2 times within the past 5 days. An average of 3,704,150 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,728,512.

CFG’s 1-month performance is 8.06% or $2.92 on its low of $38.78 reached on 12/27/22. The company’s shares have touched a 52-week low of $32.65 and high of $56.11, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, CFG has achieved 6.22% or $2.45 and has reached a new high 6 times. However, the current price is down -25.47% from the 52-week high price.

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Valuation Metrics

CFG stock has a beta of 1.33. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.85 while the price-to-book (PB) in the most recent quarter is 0.98, with the price to cash flow ratio at 16.48.

As well, the company’s long term debt to equity for the quarter ending December 30 was 0.32, while the total debt to equity was 0.33. The firm’s gross profit as reported stood at $4.51 billion against revenue of $4.85 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CFG to announce $1.31 per share in earnings in its latest quarter, but it posted $1.25, representing a -4.60% surprise. Shareholders hold equity totaling $492.49 million.

Let’s look briefly at Citizens Financial Group Inc. (CFG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 59.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.73%.

The stock’s 5-day moving average is $41.33, reflecting a +2.45% or $1.00 change from its current price. CFG is currently trading +7.53% above its 20-day SMA, +13.83% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.45% and SMA200 by-0.62%.

Stochastic %K and %D was 76.18% and 66.54% and the average true range (ATR) pointed at 1.02. The RSI (14) points at 58.58%, while the 14-day stochastic is at 68.53% with the period’s ATR at 0.99. The stock’s 9-day MACD Oscillator is pointing at 0.44 and 0.57 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Citizens Financial Group Inc. (NYSE: CFG), Wedbush downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CFG stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CFG as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 14 have offered a “buy” rating.

What is CFG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $38.00 and a high of $57.00, with their median price target at $47.00. Looking at these predictions, the average price target given by analysts is for Citizens Financial Group Inc. (CFG) stock is $47.10.

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