Citizens Financial Group Inc (NYSE: CFG) – Time For Strategy Change?

Citizens Financial Group Inc (NYSE:CFG) currently has a daily average trading volume of 4.77M but it saw 10941552 shares traded in last market. With a market cap of 21.29B USD, the company’s current market price of $48.31 came rising about 14.42 while comparing to the previous closing price of $42.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.39 and as low as $24.61. In the recent trading on the day, stock has struck highest price mark of $44.76 while lowest mark touched by it was $48.35.

Taking a look at 20-day trading activity of Citizens Financial Group Inc (CFG) gives us an average price of $42.44, while its current price level is 8.83% below from 52-week high level whereas it is 96.26% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $41.60 while that of 200 days or SMA-200 reads an average of $37.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.29% during that period while stretching the period over a month that decreases to 2.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 75.70 which implies that the stock is in overbought territory.

Piper Sandler upgraded its recommendation for the stock as a “Overweight” from “Neutral” on April 26, 2024 while assigning a price target range of $35-$41. Citigroup issued its recommendations for the stock as it upgraded the price target for the stock is $36.

Over the week, CFG’s stock price is moving 13.14% up while it is 17.23% when we observe its performance for the past one month. Year-to-date it is 45.78% up and over the past year, the stock is showing an upside performance of 86.96%.

Currently, Citizens Financial Group Inc’s total number of outstanding shares is 466.42M. Company’s return on investment (ROI) stands at 3.22% and return on equity (ROE) at 5.43%. It has a price to earnings ratio (P/E ratio) of 19.01 while having a 12.54 of forward P/E ratio. Stock’s beta reads 1.31. Stock has a price to book (P/B) ratio of 0.94 while price to sale or P/S ratio amounts to 1.70. Its return on asset (ROA) is 0.58% on average.