Citizens Financial Group Inc. (NYSE:CFG) has a beta value of 1.36 and has seen 0.7 million shares traded in the recent trading session. The company, currently valued at $18.66B, closed the recent trade at $36.89 per share which meant it gained $0.08 on the day or 0.22% during that session. The CFG stock price is -54.51% off its 52-week high price of $57.00 and 6.89% above the 52-week low of $34.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.15 million shares traded. The 3-month trading volume is 4.00 million shares.
The consensus among analysts is that Citizens Financial Group Inc. (CFG) is an Overweight stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 4 out of 21 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.24.
Citizens Financial Group Inc. (NYSE:CFG) trade information
Sporting 0.22% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the CFG stock price touched $36.89 or saw a rise of 3.71%. Year-to-date, Citizens Financial Group Inc. shares have moved -22.10%, while the 5-day performance has seen it change -1.15%. Over the past 30 days, the shares of Citizens Financial Group Inc. (NYSE:CFG) have changed -5.57%. Short interest in the company has seen 7.82 million shares shorted with days to cover at 1.62.
Wall Street analysts have a consensus price target for the stock at $45.84, which means that the shares’ value could jump 19.52% from the levels at last check today. The projected low price target is $33.00 while the price target rests at a high of $55.00. In that case, then, we find that the latest price level in today’s session is -49.09% off the targeted high while a plunge would see the stock lose 10.54% from the levels at last check today.
Citizens Financial Group Inc. (CFG) estimates and forecasts
Figures show that Citizens Financial Group Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -25.00% over the past 6 months, with this year growth rate of -19.85%, compared to -6.10% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 5.10% and 12.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 20.00%.
10 analysts offering their estimates for the company have set an average revenue estimate of $2.14 billion for the current quarter. 10 have an estimated revenue figure of $2.21 billion for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.30% over the past 5 years. Earnings growth for 2022 is a modest 132.60% while over the next 5 years, the company’s earnings are expected to increase by 1.81%.
Citizens Financial Group Inc. is expected to release its next earnings report between April 14 and April 18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.68 at a share yield of 4.56%. The company’s dividend yield has gone up over the past 12 months.
Citizens Financial Group Inc. (NYSE:CFG)’s Major holders
Insiders own 0.41% of the company shares, while shares held by institutions stand at 85.25% with a share float percentage of 85.59%. Investors are also buoyed by the number of investors in a company, with Citizens Financial Group Inc. having a total of 1,063 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 48.84 million shares worth more than $2.21 billion. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 9.86% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 40.83 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $1.85 billion and represent 8.24% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Washington Mutual Investors Fund and Vanguard Total Stock Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 4.36% shares in the company for having 21.6 million shares of worth $770.77 million while later fund manager owns 12.18 million shares of worth $552.0 million as of Mar 30, 2022, which makes it owner of about 2.46% of company’s outstanding stock.