For its second fiscal quarter (ending June 30), Citizens Financial Group Inc (NYSE: CFG) has reported a -15% decline in E.P.S. from $0.93 a year ago to $0.79 in the current quarter. Relative to the consensus estimate of $0.79, this was a premium of $0.00. For the latest four quarters through June 30, E.P.S. were $2.63 compared to $4.42 a year ago — a decline of -40%.
Recent Price Action
Citizens Financial Group Inc (NYSE: CFG) stock closed at $40.92 on 7/17/24 after a large increase of 3.3%. Moreover, this advance was accompanied by exceptionally high trading volume at 287% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 12.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CFG is expected to continue to be a Value Builder.
Citizens Financial Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Citizens Financial Group has a good Power Rating of 82 and a very high Appreciation Score of 86, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment