The stock of Citizens Financial Group Inc. (NYSE:CFG) increased by $0.53 on Monday to finish at $27.37, up 1.97 percent. The last five days have seen an average of 4,172,560 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$12.00. The average number of shares traded over the last 20 days was 4,912,365, while the average volume over the last 50 days totaled 5,997,242.
CFG stock dropped -15.24% since last month. On 08/23/23, the company’s shares reached a one-month low of $26.45. The stock touched a high of $44.82 on 02/03/23, after rallying from a low of $23.37 in 52 weeks. The price of CFG stock has declined by -30.48% or -$12.00 this year, reaching a new high 12 times. Still, the stock price is down -38.93% from the 52-week high.
Insider Transactions
CFG stock investors should be aware that Citizens Financial Group Inc. (CFG) stock had its last reported insider trading activity 104 days ago on May 17. On May 17, Director Lillis Terrance acquired 1,000 shares at $26.39 each. This transaction resulted in the insider spending $26,390. On Apr 21, Subramaniam Shivan S. added 3,300 shares at a price of US$28.79. After the transaction, the insider now owns 66,263 shares. Director Cummings Kevin had earlier sold 90,689 shares on Feb 10 for $43.00 a share. The transaction was completed for $3,899,627.
Valuation Metrics
Citizens Financial Group Inc. (CFG) has a trailing price-to-earnings (P/E) ratio of 6.21. Beta for the stock is 1.34. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.42, the price-to-book (PB) ratio of 0.61, and the price-to-cash flow ratio of 2.36.
Company paid $0.42 per share in dividends, remained unchanged from $0.42 last year. A $0.03 dividend increase was reported on Tuesday July 19 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.42, and the total debt to equity ratio is 0.47. Citizens Financial Group Inc.’s operating margin stood at 65.50% for the same period. Based on annual data, it had gross profit of $6.01 billion and revenue of $7.06 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CFG’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 17.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.00%.
Earnings Surprise
According to Citizens Financial Group Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Citizens Financial Group Inc.’s quarterly earnings would be $0.92, but it ended up being $1.01, beating the consensus by -8.90%. At the end of Citizens Financial Group Inc.’s most recent quarter ended June 29, its total debt was $17.47 billion. Equity owned by shareholders amounts to $472.29 million.
Technical Picture
Here’s a quick look at Citizens Financial Group Inc.’s (CFG) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 35.50%, suggesting the stock is Neutral, with a 21.35% historical volatility rate.
The stochastic %K and %D were 13.01% and 9.72% respectively, while the average true range (ATR) was 0.78. Based on the 14-day stochastic reading of 19.39%, the RSI (14) reading is 38.63%. On the 9-day MACD Oscillator, the stock is at -0.29, and the 14-day reading is at -1.22.
Analyst Ratings
Citizens Financial Group Inc. (NYSE: CFG) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Citizens Financial Group Inc. (CFG) an Overweight rating. CFG is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.
What is CFG’s price target for the next 12 months?
The current consensus forecast for the stock is between $27.00 and $44.00, with a median target price of $34.00. In analyzing these forecasts, the average price target given by analysts for Citizens Financial Group Inc. (CFG) is $34.69.
