The price of Citizens Financial Group Inc. (NYSE: CFG) closed at $31.51 in the last session, down -1.22% from day before closing price of $31.90. In other words, the price has decreased by -$0.39 from its previous closing price. On the day, 16863539 shares were traded. CFG stock price reached its highest trading level at $32.04 during the session, while it also had its lowest trading level at $30.38.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
We take a closer look at CFG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.93. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.31.
Upgrades & Downgrades
On December 21, 2022, DA Davidson started tracking the stock assigning a Buy rating and target price of $47.
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 10 when Cummings Kevin sold 90,689 shares for $43.00 per share. The transaction valued at 3,899,627 led to the insider holds 455,789 shares of the business.
Cummings Kevin sold 81,151 shares of CFG for $3,603,104 on Feb 07. The Director now owns 455,789 shares after completing the transaction at $44.40 per share. On Apr 26, another insider, Lillis Terrance, who serves as the Director of the company, bought 1,000 shares for $41.31 each. As a result, the insider paid 41,310 and bolstered with 2,000 shares of the company.
As of this moment, Citizens’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.70, and their Forward P/E ratio for the next fiscal year is 6.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.24 while its Price-to-Book (P/B) ratio in mrq is 0.72.
Stock Price History:
Over the past 52 weeks, CFG has reached a high of $50.94, while it has fallen to a 52-week low of $29.72. The 50-Day Moving Average of the stock is 41.10, while the 200-Day Moving Average is calculated to be 38.76.
According to the various share statistics, CFG traded on average about 4.42M shares per day over the past 3-months and 9.95M shares per day over the past 10 days. A total of 493.49M shares are outstanding, with a floating share count of 482.31M. Insiders hold about 0.30% of the company’s shares, while institutions hold 92.10% stake in the company. Shares short for CFG as of Jan 12, 2023 were 10.7M with a Short Ratio of 10.54M, compared to 6.56M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.17% and a Short% of Float of 2.42%.
Dividends & Splits
The forward annual dividend rate for CFG is 1.68, which was 1.56 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 4.89%, it implies a Forward Annual Dividend Yield of 3.83%. The stock’s 5-year Average Dividend Yield is 3.76.
The company has 18 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.16 for the current quarter, with a high estimate of $1.26 and a low estimate of $1.06, while EPS last year was $0.93. The consensus estimate for the next quarter is $1.23, with high estimates of $1.32 and low estimates of $1.12.
Analysts are recommending an EPS of between $5.43 and $4.56 for the fiscal current year, implying an average EPS of $5.05. EPS for the following year is $5.19, with 20 analysts recommending between $5.65 and $4.06.
According to 12 analysts, the current quarter’s revenue is expected to be $2.16B. It ranges from a high estimate of $2.23B to a low estimate of $2.15B. As of the current estimate, Citizens Financial Group Inc.’s year-ago sales were $1.65B, an estimated increase of 31.50% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $2.22B, an increase of 11.20% less than the figure of $31.50% in the same quarter last year. There is a high estimate of $2.31B for the next quarter, whereas the lowest estimate is $2.17B.
A total of 15 analysts have provided revenue estimates for CFG’s current fiscal year. The highest revenue estimate was $9.02B, while the lowest revenue estimate was $8.73B, resulting in an average revenue estimate of $8.93B. In the same quarter a year ago, actual revenue was $8.02B, up 11.30% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $9.08B in the next fiscal year. The high estimate is $9.41B and the low estimate is $8.81B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.