In a report released today, Ken Zerbe from Morgan Stanley maintained a Buy rating on Citizens Financial (CFG), with a price target of $44. The company’s shares closed yesterday at $32.05, close to its 52-week low of $31.55.
According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 9.9% and a 60.0% success rate. Zerbe covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Huntington Bancshares Inc, and People’s United Financial.
Citizens Financial has an analyst consensus of Strong Buy, with a price target consensus of $46.63, which is a 45.5% upside from current levels. In a report issued on November 27, Macquarie also upgraded the stock to Buy.
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Based on Citizens Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.84 billion and net profit of $443 million. In comparison, last year the company earned revenue of $1.63 billion and had a net profit of $348 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CFG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking.
