Citizens Financial Group Inc. (NYSE: CFG)’s stock price has gone decline by -1.10 in comparison to its previous close of 28.27, however, the company has experienced a 2.16% increase in its stock price over the last five trading days. TechCrunch reported 2023-09-14 that When Silicon Valley Bank imploded in March, Sam Heshmati wasn’t naive enough to think that First Republic Bank — where he had worked for more than a decade and helped launch their startup practice — wouldn’t be affected. He recalls watching everything unfold at his former employer with both sadness and surprise.
Is It Worth Investing in Citizens Financial Group Inc. (NYSE: CFG) Right Now?
Citizens Financial Group Inc. (NYSE: CFG) has a higher price-to-earnings ratio of 6.34x compared to its average ratio,, and the 36-month beta value for CFG is at 1.32. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”
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The average price suggested by analysts for CFG is $34.12, which is $6.3 above the current market price. The public float for CFG is 469.89M, and currently, shorts hold a 6.12% of that float. The average trading volume for CFG on September 18, 2023 was 5.87M shares.
CFG’s Market Performance
CFG’s stock has seen a 2.16% increase for the week, with a -0.50% drop in the past month and a 0.98% gain in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 2.56% for Citizens Financial Group Inc. The simple moving average for the last 20 days is 1.03% for CFG’s stock, with a simple moving average of -15.21% for the last 200 days.
Analysts’ Opinion of CFG
Many brokerage firms have already submitted their reports for CFG stocks, with Evercore ISI repeating the rating for CFG by listing it as a “In-line.” The predicted price for CFG in the upcoming period, according to Evercore ISI is $29 based on the research report published on July 10, 2023 of the current year 2023.
CFG Trading at -3.79% 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 -37.62% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -1.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.25% upper at present.
During the last 5 trading sessions, CFG rose by +2.16%, which changed the moving average for the period of 200-days by -32.00% in comparison to the 20-day moving average, which settled at $27.66. In addition, Citizens Financial Group Inc. saw -28.98% 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 Lillis Terrance, who purchase 1,000 shares at the price of $26.39 back on May 17. After this action, Lillis Terrance now owns 3,000 shares of Citizens Financial Group Inc., valued at $26,390 using the latest closing price.
Subramaniam Shivan S., the Director of Citizens Financial Group Inc., purchase 3,300 shares at $28.79 during a trade that took place back on Apr 21, which means that Subramaniam Shivan S. is holding 66,263 shares at $95,007 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. The total capital return value is set at 8.35, while invested capital returns managed to touch 6.03. Equity return is now at value 10.00, with 1.00 for asset returns.
Based on Citizens Financial Group Inc. (CFG), the company’s capital structure generated 71.57 points at debt to equity in total, while total debt to capital is 41.72. Total debt to assets is 7.48, with long-term debt to equity ratio resting at 73.79. Finally, the long-term debt to capital ratio is 39.35.
When we switch over and look at the enterprise to sales, we see a ratio of 2.53, with the company’s debt to enterprise value settled at 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In conclusion, Citizens Financial Group Inc. (CFG) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
