After finishing at $34.92 in the prior trading day, Citizens Financial Group Inc (NYSE: CFG) closed at $34.10, down -2.35%. In other words, the price has decreased by -$0.82 from its previous closing price. On the day, 6536700 shares were traded.
Ratios:
Our goal is to gain a better understanding of CFG by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.57.
On January 02, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also upped its target price recommendation from $38 to $40.
Morgan Stanley Downgraded its Overweight to Equal-Weight on December 04, 2023, while the target price for the stock was maintained at $31.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 05 ’24 when Read Craig Jack sold 4,508 shares for $33.54 per share. The transaction valued at 151,198 led to the insider holds 43,885 shares of the business.
Lillis Terrance bought 1,000 shares of CFG for $22,865 on Oct 27 ’23. The Director now owns 4,000 shares after completing the transaction at $22.86 per share. On May 17 ’23, another insider, Lillis Terrance, who serves as the Director of the company, bought 1,000 shares for $26.39 each. As a result, the insider paid 26,390 and bolstered with 3,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CFG now has a Market Capitalization of 15.63B. As of this moment, Citizens’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.96, and their Forward P/E ratio for the next fiscal year is 8.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 0.71.
Stock Price History:
Over the past 52 weeks, CFG has reached a high of $36.38, while it has fallen to a 52-week low of $22.77. The 50-Day Moving Average of the stock is 33.01, while the 200-Day Moving Average is calculated to be 29.52.
Shares Statistics:
The stock has traded on average 6.02M shares per day over the past 3-months and 4.96M shares per day over the last 10 days, according to various share statistics. A total of 466.42M shares are outstanding, with a floating share count of 454.94M. Insiders hold about 0.75% of the company’s shares, while institutions hold 96.28% stake in the company. Shares short for CFG as of Mar 15, 2024 were 20M with a Short Ratio of 3.32, compared to 23.25M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.36% and a Short% of Float of 5.78%.
Dividends & Splits
In the trailing 12 months, CFG’s forward annual dividend rate was 1.68, compared to 1.68 this year. Against a Trailing Annual Dividend Yield of 4.81%, it implies a Forward Annual Dividend Yield of 4.69%. The stock’s 5-year Average Dividend Yield is 4.48.
Earnings Estimates
Its stock is currently analyzed by 19 different market analysts. On average, analysts expect EPS of $0.74 for the current quarter, with a high estimate of $0.85 and a low estimate of $0.63, while EPS last year was $1. The consensus estimate for the next quarter is $0.78, with high estimates of $0.91 and low estimates of $0.69.
Analysts are recommending an EPS of between $3.71 and $2.8 for the fiscal current year, implying an average EPS of $3.24. EPS for the following year is $4.04, with 20 analysts recommending between $4.44 and $3.75.
Revenue Estimates
16 analysts predict $1.96B in revenue for the current quarter. It ranges from a high estimate of $1.97B to a low estimate of $1.92B. As of the current estimate, Citizens Financial Group Inc’s year-ago sales were $2.13B, an estimated decrease of -8.00% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $1.95B, a decrease of -6.80% over than the figure of -$8.00% in the same quarter last year. There is a high estimate of $1.98B for the next quarter, whereas the lowest estimate is $1.9B.
A total of 18 analysts have provided revenue estimates for CFG’s current fiscal year. The highest revenue estimate was $7.98B, while the lowest revenue estimate was $7.73B, resulting in an average revenue estimate of $7.88B. In the same quarter a year ago, actual revenue was $8.22B, down -4.20% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $8.42B in the next fiscal year. The high estimate is $8.78B and the low estimate is $8.22B. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.
