In a report released yesterday, Jason Goldberg from Barclays maintained a Hold rating on Citizens Financial (CFG – Research Report), with a price target of $40.00. The company’s shares closed last Friday at $31.56.
Goldberg covers the Financial sector, focusing on stocks such as Capital One Financial, Huntington Bancshares, and JPMorgan Chase & Co.. According to TipRanks, Goldberg has an average return of 10.1% and a 59.31% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Citizens Financial with a $36.91 average price target, which is a 16.95% upside from current levels. In a report released on February 7, Morgan Stanley also maintained a Hold rating on the stock with a $39.00 price target.
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Based on Citizens Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.99 billion and a net profit of $223 million. In comparison, last year the company earned a revenue of $2.2 billion and had a net profit of $709 million
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Citizens Financial (CFG) Company Description:
Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.
Read More on CFG:
- A New Cause for Concern: Citizens Financial Group Adds a New Debt & Financing Risk
- Citizens Financial Announces Board Leadership Changes
- IRS sues FDIC over Silicon Valley Bank’s $1.4B tax debt, Reuters says
- Citizens Financial CSO Holly Ridgeway to retire, Brendan Goode to succeed
- Citizens Financial price target raised to $39 from $31 at Morgan Stanley
