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Thursday, October 22, 2020

Citizens Financial Group Inc. (NYSE:CFG) Finding Zero Support

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Citizens Financial Group Inc. (CFG) shares are trading at lower $27.96 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $30.27.

To add more color to this target, the company’s high over the last year is $41.29 and the low is $14.12. Over the last 52 weeks, CFG is down -17.20% while the S&P 500 is up 18.28%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CFG reported a profit of $1.16 billion. Citizens Financial Group Inc. also saw revenues increase to $1.35 billion. In addition, CFG has free cash flow of -$1.47 billion as of 06-2020.

CFG booked profit margins of 18.70%, its Return on Equity (ROE) is 5.30%, and its Return on Assets is 0.60%. All told, it is clear that, CFG needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CFG has a short ratio of 2.40 and outstanding shares of 426.61M.

Company Outlook

CFG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.83 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.50. Investors should also keep an eye on sector updates as CFG has historically followed its peers on positive news.

All told, Citizens Financial Group Inc. CFG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CFG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Citizens Financial Group Inc. CFG is now commanding a market cap of 12.19B and a float of 424.92M. CFG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CFG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CFG, either long or short, and we have not been compensated for this article.

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