Citizens Financial Group Inc. (NYSE: CFG)’s stock price has increased by 3.43 compared to its previous closing price of 31.51. However, the company has seen a -8.84% decrease in its stock price over the last five trading sessions. Barron’s reported on 07/09/22 that Citizens Financial’s Ambitions Are Growing Under CEO Bruce Van Saun
Is It Worth Investing in Citizens Financial Group Inc. (NYSE: CFG) Right Now?
Citizens Financial Group Inc. (NYSE: CFG) has a price-to-earnings ratio that is above its average at 7.96x. and a 36-month beta value of 1.36. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The average price predicted for Citizens Financial Group Inc. (CFG) by analysts is $47.17, which is $14.62 above the current market price. The public float for CFG is 482.31M, and at present, short sellers hold a 2.19% of that float. On March 17, 2023, the average trading volume of CFG was 4.62M shares.
CFG’s Market Performance
The stock of Citizens Financial Group Inc. (CFG) has seen a -8.84% decrease in the past week, with a -24.84% drop in the past month, and a -18.32% fall in the past quarter. The volatility ratio for the week is 7.77%, and the volatility levels for the past 30 days are at 3.68% for CFG. The simple moving average for the last 20 days is -17.00% for CFG stock, with a simple moving average of -15.91% for the last 200 days.
Analysts’ Opinion of CFG
Many brokerage firms have already submitted their reports for CFG stocks, with Wedbush repeating the rating for CFG by listing it as a “Neutral.” The predicted price for CFG in the upcoming period, according to Wedbush is $45 based on the research report published on January 03rd of the current year 2023.
DA Davidson, on the other hand, stated in their research note that they expect to see CFG reach a price target of $47. The rating they have provided for CFG stocks is “Buy” according to the report published on December 21st, 2022.
Morgan Stanley gave a rating of “Overweight” to CFG, setting the target price at $53 in the report published on December 05th of the previous year.
CFG Trading at -20.70% from the 50-Day Moving Average
After a stumble in the market that brought CFG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.02% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 7.77%, as shares sank -24.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.56% lower at present.
During the last 5 trading sessions, CFG fell by -8.84%, which changed the moving average for the period of 200-days by -20.26% in comparison to the 20-day moving average, which settled at $38.72. In addition, Citizens Financial Group Inc. saw -17.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CFG starting from Cummings Kevin, who sale 90,689 shares at the price of $43.00 back on Feb 10. After this action, Cummings Kevin now owns 455,789 shares of Citizens Financial Group Inc., valued at $3,899,627 using the latest closing price.
Cummings Kevin, the Director of Citizens Financial Group Inc., sale 81,151 shares at $44.40 during a trade that took place back on Feb 07, which means that Cummings Kevin is holding 455,789 shares at $3,603,104 based on the most recent closing price.
Stock Fundamentals for CFG
Current profitability levels for the company are sitting at:
- +32.27 for the present operating margin
The net margin for Citizens Financial Group Inc. stands at +22.28. Equity return is now at value 9.20, with 0.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
To sum up, Citizens Financial Group Inc. (CFG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
