The price-to-earnings ratio for Citizens Financial Group Inc (NYSE: CFG) is above average at 10.92x. The 36-month beta value for CFG is also noteworthy at 1.36. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 rating it as “hold,” and 2 rating it as “sell.”
The public float for CFG is 454.94M, and at present, short sellers hold a 4.40% of that float. The average trading volume of CFG on April 08, 2024 was 6.05M shares.
CFG) stock’s latest price update
Citizens Financial Group Inc (NYSE: CFG)’s stock price has decreased by -0.35 compared to its previous closing price of 34.10. However, the company has seen a -6.37% decrease in its stock price over the last five trading sessions. Market Watch reported 2024-04-02 that The dealmaking pipeline for mergers and well as initial public offerings continues to improve from a year ago as private-equity firms and middle-market businesses gear up to transact, a high-ranking banker told MarketWatch.
CFG’s Market Performance
CFG’s stock has fallen by -6.37% in the past week, with a monthly rise of 1.25% and a quarterly rise of 5.14%. The volatility ratio for the week is 2.46% while the volatility levels for the last 30 days are 2.50% for Citizens Financial Group Inc The simple moving average for the past 20 days is -1.83% for CFG’s stock, with a 14.97% simple moving average for the past 200 days.
Analysts’ Opinion of CFG
Many brokerage firms have already submitted their reports for CFG stocks, with Citigroup repeating the rating for CFG by listing it as a “Buy.” The predicted price for CFG in the upcoming period, according to Citigroup is $36 based on the research report published on February 05, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CFG reach a price target of $40, previously predicting the price at $38. The rating they have provided for CFG stocks is “Equal Weight” according to the report published on January 02nd, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to CFG, setting the target price at $31 in the report published on December 04th of the previous year.
CFG Trading at 2.88% 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 -6.60% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.89% upper at present.
During the last 5 trading sessions, CFG fell by -6.37%, which changed the moving average for the period of 200-days by +24.93% in comparison to the 20-day moving average, which settled at $34.62. In addition, Citizens Financial Group Inc saw 2.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CFG starting from Read Craig Jack, who sale 4,508 shares at the price of $33.54 back on Mar 05 ’24. After this action, Read Craig Jack now owns 43,885 shares of Citizens Financial Group Inc, valued at $151,198 using the latest closing price.
Lillis Terrance, the Director of Citizens Financial Group Inc, purchase 1,000 shares at $22.86 during a trade that took place back on Oct 27 ’23, which means that Lillis Terrance is holding 4,000 shares at $22,865 based on the most recent closing price.
Stock Fundamentals for CFG
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 1.0 for the gross margin
The net margin for Citizens Financial Group Inc stands at 0.2. The total capital return value is set at 0.02. Equity return is now at value 6.70, with 0.72 for asset returns.
Based on Citizens Financial Group Inc (CFG), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 0.9.
Currently, EBITDA for the company is 8.2 million with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.13. The receivables turnover for the company is 7.33for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In summary, Citizens Financial Group Inc (CFG) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
