Citizens Financial Group, Inc. (NYSE:CFG): Looking For The Next Big Stock Breakout?

Stock analysts at Barclays upped their rating on shares of Citizens Financial Group, Inc. (NYSE:CFG) from Equal Weight to a new rating of Overweight in their opinion released on January 06. Citigroup analysts bumped their recommendation on CFG stock from prior rating of Sell to Neutral in a separate flash note to investors on December 16. Analysts at Citigroup downgraded the company stock to a Sell call from its previous Neutral stance, in a flash note that dated back to October 08.

Let’s take a glimpse at some insider activity at Citizens Financial Group, Inc. (NYSE:CFG) and observe the pattern. The earliest insider trade happened on 08/20/2019. KOCH CHARLES JOHN gathered a total of 15 thousand shares of the firm at average share price of $32.45. The total amount for the purchase was set at $486.75 thousand. On completing this exchange, the Director account balance was 68.78 thousand shares. The stock grew 21.45 percent from that insider purchase. On 11/21/2018, Subramaniam Shivan S., Director, did a purchase of 3 thousand shares at a price of $35.32 per share. This increased 105.96 thousand shares to the insider’s fortune and the stock experienced a 11.58 percent rally in price since the news became public. This exchange saw 38.96 thousand shares get into the Director account. On 10/23/2018, Director KOCH CHARLES JOHN recorded a purchase transaction valued at $508.48 thousand. The purchase at $36.32 a share has added 14 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed 8.51 percent increase since the transaction reporting date. The company insider is left with 49.94 thousand shares remaining in the account. Black Randall J, who works as Controller at the company, performed a sale of 0.79 thousand shares in a transaction worth $32.86 thousand. The disposal recorded on 06/05/2018 was priced at $41.49 per share. The stock price plunged -5.01 percent since the transaction. Black Randall J currently holds a stake of 34.26 thousand in CFG stock which is worth $1.35 million after the insider selling.

Citizens Financial Group, Inc. (CFG) is most likely going to rise 13.55 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $49 as 12-month high price target. This represents a whopping 24.37 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $44, which means a return possibility of 11.68 percent in comparison with the closing price of the stock of $39.4 in recent trading session. The lowest price set for the stock is $41 which is just above 4.06 percent from CFG share’s price at the end of session.

The stock is lingering around the initial support level of $38.04. After this, the following support is at the zone of $37.8. Up until the time the CFG stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 53.57 on the daily chart, and this may be a cause for concern. In case the price goes below $37.8 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $38.73 level may cause a pull-back move approaching $39.17 mark.

In the recent trading session, Citizens Financial Group, Inc. (NYSE:CFG) shares gained 2.89% or 1.11 points to reach at $39.4 with a thin trading volume of 1.405 million shares. It opened the trading session at $38.52, the shares rose to $38.92 and dropped to $38.235, the range by which the price of stock traded the whole session. The company now has a market cap of $16.9 billion and currently has 442.07 million outstanding shares. Citizens Financial Group, Inc. (CFG) stock has plunged -4.06 percent of market value in 21 trading days.

CFG stock’s trailing 3-year beta is 1.47, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $3.81 share in the trailing 52 weeks. The stock’s value fallen -5.71 percent year to date (YTD) compared to a rise of 11.15 percent in 52 week’s period. The firm’s shares are still trading -4.59 percent below its 1-year high of $41.29 and 25.88 percent up from 52-week low of $31.30. The average consensus ranking on the company is 1.9, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.

Citizens Financial Group, Inc. (CFG) shares are trading at a P/E ratio of 9.79 times earnings posted in the trailing 12 months. The industry CFG deals with has an average P/E of 13.16. Its P/B ratio is standing at 0.78X compared to the 1.32 industry average. It is additionally sporting a 2.18 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.42.

Past records have indicated that shares in Citizens Financial Group, Inc. rose on 16 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of CFG’s Q1 earnings on April 17. Analysts are predicting revenue to climb 1.7 percent to $1.61B in the financial first quarter, while EPS will soar by about -2.17 percent to $0.9 per share. In the last quarter, it’s earnings of $0.98 per share came better than the $0.96153, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $1.64B, topping the $1.63B analysts had expected. Earnings are seen to rise by 33.4 percent this year, 7.46 percent in the coming year and the trend continues by 5.72 percent every year in the next 5 years.