Last Updated: 09 Nov 2024
Executive Summary
Citizens Financial Group, Inc. (CFG) is a leading American bank headquartered in Providence, Rhode Island. The company has a market capitalization of $20.19 billion and is traded on the NYSE. CFG's latest stock price is $45.81.
Company Overview
CFG is a full-service bank that offers a wide range of financial products and services to individuals, small businesses, and large corporations. The company has a strong presence in the Northeastern United States and is also expanding into other regions. CFG has a long history of profitability and has consistently paid dividends to its shareholders.
Fundamental Analysis
CFG's financial performance has been strong in recent years. The company's revenue has grown steadily and its profitability has improved. CFG's earnings per share (EPS) is expected to grow by 10% in 2023. The company's balance sheet is also strong, with a low level of debt and a high level of capital.
CFG's valuation metrics are attractive. The company's price-to-earnings (PE) ratio is 17.96, which is below the average for the banking industry. CFG's price-to-book (PB) ratio is 0.885, which is also below the industry average.
Technical Analysis
CFG's stock price has been in a downtrend since early 2022. The stock price is currently below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
CFG's stock price is likely to remain under pressure in the short term. The company is facing headwinds from rising interest rates and a slowing economy. However, CFG's fundamentals are strong and the company is well-positioned to weather the storm.
Long Term Outlook
CFG's long-term outlook is positive. The company is a leader in the banking industry and has a strong track record of profitability. CFG is also well-positioned to benefit from the growth of the digital banking market.
Analyst Recommendations
Analysts are generally positive on CFG. The consensus rating on the stock is "Buy." The average analyst target price is $46.67.
