Citizens Financial Group Inc (NYSE:CFG) Is 46.39% Above Its 52-Week Low, But How Long Will It Remain So?

In last trading session, Citizens Financial Group Inc (NYSE:CFG) saw 5.51 million shares changing hands with its beta currently measuring 1.33. Company’s recent per share price level of $42.47 trading at $0.34 or 0.81% at ring of the bell on the day assigns it a market valuation of $19.04B. That closing price of CFG’s stock is at a discount of -4.52% from its 52-week high price of $44.39 and is indicating a premium of 46.39% from its 52-week low price of $22.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.4 million shares which gives us an average trading volume of 5.35 million if we extend that period to 3-months.

For Citizens Financial Group Inc (CFG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.05. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Citizens Financial Group Inc (NYSE:CFG) trade information

Upright in the green during last session for gaining 0.81%, in the last five days CFG remained trading in the red while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $42.47 price level, adding 4.33% to its value on the day. Citizens Financial Group Inc’s shares saw a change of 28.15% in year-to-date performance and have moved -0.33% in past 5-day. Citizens Financial Group Inc (NYSE:CFG) showed a performance of 0.62% in past 30-days. Number of shares sold short was 14.27 million shares which calculate 2.77 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 48 to the stock, which implies a rise of 11.52% to its current value. Analysts have been projecting 33 as a low price target for the stock while placing it at a high target of 57. It follows that stock’s current price would jump 22.3% in reaching the projected high whereas dropping to the targeted low would mean a gain of 22.3% for stock’s current value.

Citizens Financial Group Inc (CFG) estimates and forecasts

Statistics highlight that Citizens Financial Group Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 24.95% of value to its shares in past 6 months, showing an annual growth rate of 1.28% while that of industry is -10.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -2.34% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -2.90% while estimates for its earnings growth in next 5 years are of 9.07%.

CFG Dividends

Citizens Financial Group Inc is more likely to be releasing its next quarterly report on 2025-Jan-17 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.96%, the share has a forward dividend of 1.68 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.59%.

Citizens Financial Group Inc (NYSE:CFG)’s Major holders

Insiders are in possession of 0.68% of company’s total shares while institution are holding 94.17 percent of that, with stock having share float percentage of 94.81%. Investors also watch the number of corporate investors in a company very closely, which is 94.17% institutions for Citizens Financial Group Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CFG for having 55.36 million shares of worth $1.99 billion. And as of 2024-06-30, it was holding 12.0003 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 52.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.3348 of outstanding shares, having a total worth of $1.88 billion.