As of Thursday close, Citizens Financial Group Inc.’s (NYSE:CFG) stock was up $0.18, moving up 0.64 percent to $28.28. The average number of shares traded per day over the past five days has been 4,465,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.45 fall in that time frame. In the last twenty days, the average volume was 5,647,330, while in the previous 50 days, it was 6,541,036.
Since last month, CFG stock retreated -8.69%. Shares of the company fell to $27.98 on 08/16/23, the lowest level in the past month. A 52-week high of $44.82 was reached on 02/03/23 after having rallying from a 52-week low of $23.37. Since the beginning of this year, CFG’s stock price has dropped by -28.17% or -$11.09, and marked a new high 12 times. However, the stock has declined by -36.90% since its 52-week high.
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CFG stock investors should be aware that Citizens Financial Group Inc. (CFG) stock had its last reported insider trading activity 93 days ago on May 17. Lillis Terrance, the Director of the company, purchased of 1,000 shares for $26.39 on May 17. It resulted in a $26,390 investment by the insider. Subramaniam Shivan S. added 3,300 shares at an average price of $28.79 on Apr 21. The insider now owns 66,263 shares following the transaction. On Feb 10, Director Cummings Kevin sold 90,689 shares at $43.00 apiece. The transaction was valued at $3,899,627.
Valuation Metrics
Right now, Citizens Financial Group Inc. (CFG) has a P/E ratio of about 6.41. The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 0.63, and the price-to-cash flow ratio of 2.43 may also be considered.
The latest dividend of $0.42 per share was paid out, remained unchanged from last year’s $0.42. On Tuesday July 19 2022, a $0.03 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.42, and the total debt-to-equity ratio was 0.47. In the year ended June 29, operating margins totaled 65.50%. Based on annual data, CFG earned $6.01 billion in gross profit and brought in $7.06 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.10%. Return on equity (ROE) for the past 12 months was 10.00%.
In Citizens Financial Group Inc.’s quarter-end financial report for June 29, it reported total debt of $14.1 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Citizens Financial Group Inc. to report $1.01 quarterly earnings, the actual figure was $0.92 per share, beating the consensus estimate by -8.90%. The value of shareholders’ equity is $472.29 million.
Technical Picture
This quick technical analysis looks at Citizens Financial Group Inc.’s (CFG) price momentum. With a historical volatility rate of 26.98%, the RSI 9-day stood at 29.41% on 17 August.
With respect to its five-day moving average, the current Citizens Financial Group Inc. price is down by -7.97% percent or -$2.45. At present, CFG shares trade -9.42% below its 20-day simple moving average and -9.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.12% below its SMA50 and -30.99% below its SMA200.
Stochastic coefficient K was 3.50% and Stochastic coefficient D was 5.60%, while ATR was 0.89. Given the Stochastic reading of 6.42% for the 14-day period, the RSI (14) reading has been calculated as 38.72%. As of today, the MACD Oscillator reading stands at -1.64, while the 14-day reading stands at -2.20.
Analyst Ratings
Citizens Financial Group Inc. downgraded its rating on Citizens Financial Group Inc. (NYSE: CFG) to an In-line in a note to investors on July 10, 2023. The analysts firm previously had an Outperform rating on the stock.Citizens Financial Group Inc. (CFG) has been rated Overweight by analysts. According to 1 brokerage firm, CFG is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Citizens Financial Group Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $34.00, the current consensus forecast for the stock is $27.00 – $44.00. Based on these forecasts, analysts predict Citizens Financial Group Inc. (CFG) will achieve an average price target of $34.69.
