Citizens Financial Group (NYSE:CFG) posted its quarterly earnings results on Friday. The bank reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02, Briefing.com reports. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. During the same quarter in the previous year, the firm posted $0.88 earnings per share.
Shares of CFG opened at $36.83 on Monday. Citizens Financial Group has a 1-year low of $27.62 and a 1-year high of $41.76. The stock has a market capitalization of $16.88 billion, a PE ratio of 10.35, a PEG ratio of 2.18 and a beta of 1.45. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $34.85.
Several research firms have recently issued reports on CFG. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. began coverage on shares of Pinduoduo in a research report on Tuesday, July 9th. They set an “underweight” rating and a $20.48 price objective for the company. Argus began coverage on shares of Citizens Financial Group in a research report on Wednesday, June 19th. They set a “hold” rating for the company. Finally, Wedbush set a $13.00 price objective on shares of SLM and gave the stock a “buy” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $40.21.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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