Citizens Financial Group Inc (NYSE: CFG) has a price-to-earnings ratio that is above its average at 16.67x. The stock has a 36-month beta value of 1.33. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for CFG is 444.49M, and at present, short sellers hold a 3.21% of that float. On October 21, 2024, the average trading volume of CFG was 5.35M shares.
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CFG) stock’s latest price update
Citizens Financial Group Inc (NYSE: CFG)’s stock price has soared by 0.81 in relation to previous closing price of 42.13. Nevertheless, the company has seen a loss of -0.33% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-16 that Citizens Financial Group, Inc.’s Q3 earnings showed declines in deposits and loans, with revenues down 5.6% year-over-year, and net income narrowing to $382 million. Asset quality metrics deteriorated, with net interest margin falling to 2.77% and nonaccrual loans rising to 1.19% of total loans. Return metrics weakened, with return on average tangible assets at 0.72% and return on average equity dropping to 9.6%.
CFG’s Market Performance
Citizens Financial Group Inc (CFG) has experienced a -0.33% fall in stock performance for the past week, with a 0.62% rise in the past month, and a 2.58% rise in the past quarter. The volatility ratio for the week is 3.17%, and the volatility levels for the past 30 days are at 2.30% for CFG.. The simple moving average for the past 20 days is 2.69% for CFG’s stock, with a 16.34% simple moving average for the past 200 days.
Analysts’ Opinion of CFG
Piper Sandler, on the other hand, stated in their research note that they expect to see CFG reach a price target of $41, previously predicting the price at $35. The rating they have provided for CFG stocks is “Overweight” according to the report published on April 26th, 2024.
Citigroup gave a rating of “Buy” to CFG, setting the target price at $36 in the report published on February 05th of the current year.
CFG Trading at 2.93% 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 -4.33% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares surge +1.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.79% upper at present.
During the last 5 trading sessions, CFG fell by -0.33%, which changed the moving average for the period of 200-days by +32.14% in comparison to the 20-day moving average, which settled at $41.36. In addition, Citizens Financial Group Inc saw 28.15% 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 proposed sale 3,604 shares at the price of $44.11 back on Oct 16 ’24. After this action, Read Craig Jack now owns shares of Citizens Financial Group Inc, valued at $158,972 using the latest closing price.
Read Craig Jack, the Controller of Citizens Financial Group Inc, sale 3,938 shares at $43.26 during a trade that took place back on Jul 25 ’24, which means that Read Craig Jack is holding 33,620 shares at $170,338 based on the most recent closing price.
Stock Fundamentals for CFG
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.99 for the gross margin
The net margin for Citizens Financial Group Inc stands at 0.13. The total capital return value is set at 0.01. Equity return is now at value 5.43, with 0.58 for asset returns.
Based on Citizens Financial Group Inc (CFG), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 0.36.
Currently, EBITDA for the company is 8.2 million with net debt to EBITDA at 0.96. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
To sum up, Citizens Financial Group Inc (CFG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
