The stock of Citizens Financial Group Inc (NYSE: CFG) has increased by 2.36 when compared to last closing price of 42.45.Despite this, the company has seen a loss of -4.92% in its stock price over the last five trading days. businesswire.com reported 2024-12-18 that PROVIDENCE, R.I.–(BUSINESS WIRE)–Citizens Financial Group, Inc. (NYSE: CFG) announced today that Citizens Bank, N.A. has decreased its prime lending rate to 7.50 percent from 7.75 percent, effective Thursday, December 19, 2024. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $219.7 billion in assets as of September 30, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of ret.
Is It Worth Investing in Citizens Financial Group Inc (NYSE: CFG) Right Now?
The price-to-earnings ratio for Citizens Financial Group Inc (NYSE: CFG) is 17.10x, which is above its average ratio. Moreover, the 36-month beta value for CFG is 1.35. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 3 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for CFG is 436.91M and currently, short sellers hold a 2.42% of that float. On December 23, 2024, CFG’s average trading volume was 4.46M shares.
CFG’s Market Performance
The stock of Citizens Financial Group Inc (CFG) has seen a -4.92% decrease in the past week, with a -5.79% drop in the past month, and a 5.82% gain in the past quarter. The volatility ratio for the week is 3.64%, and the volatility levels for the past 30 days are at 2.58% for CFG. The simple moving average for the past 20 days is -5.91% for CFG’s stock, with a 10.43% simple moving average for the past 200 days.
Analysts’ Opinion of CFG
Many brokerage firms have already submitted their reports for CFG stocks, with Raymond James repeating the rating for CFG by listing it as a “Strong Buy.” The predicted price for CFG in the upcoming period, according to Raymond James is $55 based on the research report published on December 18, 2024 of the current year 2024.
Piper Sandler gave a rating of “Overweight” to CFG, setting the target price at $41 in the report published on April 26th of the current year.
CFG Trading at -3.06% 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 -11.78% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 3.64%, as shares sank -7.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.21% upper at present.
During the last 5 trading sessions, CFG fell by -4.92%, which changed the moving average for the period of 200-days by +28.21% in comparison to the 20-day moving average, which settled at $46.18. In addition, Citizens Financial Group Inc saw 31.11% 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 Citizens Bank, National Associ, who proposed sale 18,878 shares at the price of $41.59 back on Nov 05 ’24. After this action, Citizens Bank, National Associ now owns shares of Citizens Financial Group Inc, valued at $785,136 using the latest closing price.
Read Craig Jack, the Former Officer of Citizens Financial Group Inc, proposed sale 3,604 shares at $44.11 during a trade that took place back on Oct 16 ’24, which means that Read Craig Jack is holding shares at $158,972 based on the most recent closing price.
Stock Fundamentals for CFG
Current profitability levels for the company are sitting at:
- 0.17 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 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 0.37.
When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
To wrap up, the performance of Citizens Financial Group Inc (CFG) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
