In a report issued on January 3, David George from Robert W. Baird maintained a Buy rating on Citizens Financial (CFG – Research Report), with a price target of $55.00. The company’s shares closed last Thursday at $55.00, close to its 52-week high of $57.00.
According to TipRanks.com, George is a 5-star analyst with an average return of 13.9% and a 74.2% success rate. George covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Capital One Financial, and Huntington Bancshares.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Citizens Financial with a $59.67 average price target, representing an 8.0% upside. In a report issued on January 10, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $69.00 price target.
Based on Citizens Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.72 billion and net profit of $530 million. In comparison, last year the company earned revenue of $1.71 billion and had a net profit of $456 million.
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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.
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