With a forward dividend & yield of 1.56 and 5.46%, Citizens Financial Group Inc. [NYSE:CFG] has active tape with a current price of $28.02 against an analyst price target of 30.42.
For the year, the stock is trading -29.67% and the five-day change stands at 12.31%. As a point of reference, the S&P 500 is trading 0.5% YTD.
Other data to note about the company today is the Recommendation Trend that is leaning toward Citizens Financial Group Inc. [CFG] as Moderate Buy.
The Bears are coming
Holding a Market Cap of $11.83 billion, Citizens Financial Group Inc. has seen a trading range over the last year of $14.12-$41.29.
For the last five days, CFG is up from its last closing price. The average shares trading hands each day is 5.17M, with average 10-day volume coming in at 3.68 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for CFG. When we apply the Elder Force Index to Citizens Financial Group Inc., we are seeing an Elder Force Indicator number of -442152.0.
The recent performance of the stock is another area that can tell traders how to proceed. CFG is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 11.51.
In the last quarter, CFG made a profit of 1.16 billion. In addition, the company has operating cash flow of -$293.0 million.
Looking at popular technical indicators, the company’s 5-day moving average is 27.84 compared to the 50-day moving average of 26.15. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. CFG currently holds a 9-day RSI of 62.15%, while 100-day RSI stands at 50.41%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. CFG’s 9-day MACD is 1.43 and the company’s 100-day MACD stands at 2.66.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.45% by insiders and 100.00% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 11.95%, while the second top holder, Blackrock Inc., currently owns 10.37%.
Over the last six months, insiders have bought 165 with the most recent transaction from HANKOWSKY WILLIAM P, Director, with a purchase at price 21.25 per share.
Overall, the recommended rating for CFG is Moderate Buy. Currently, the company has 20 analysts watching the stock, and the average quarterly earnings estimate is 0.7. Quarterly revenue estimates are averaging 1.73B with the high estimate reaching 1.75B and the low at 1.7B.
To review, the current 1-year target estimate is sitting at 30.42, while the current price 28.02. Based on this, we expect the stock to rise considering the aforementioned fundamentals.