With 2.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.85 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $47.83 whereas the lowest price it dropped to was $46.68. The 52-week range on CFG shows that it touched its highest point at $48.35 and its lowest point at $26.13 during that stretch. It currently has a 1-year price target of $48.32. With its current market cap of 21.39 billion, CFG has annualized dividend of $1.68 while the current yield stands at 3.53%. CFG paid its most recent dividend on 1730246400, while the ex-dividend date for that was 1730246400. Beta for the stock currently stands at 1.32.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CFG was up-trending over the past week, with a rise of 1.86%, but this was up by 14.16% over a month. Three-month performance surged to 11.57% while six-month performance rose 34.79%. The stock gained 78.06% in the past year, while it has gained 43.78% so far this year. A look at the trailing 12-month EPS for CFG yields 2.54 with Next year EPS estimates of 3.85. For the next quarter, that number is 0.82. This implies an EPS growth rate of -3.32% for this year and 27.36% for next year. EPS is expected to grow by 8.22% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.34%.
Float and Shares Shorts:
At present, 466.42 million CFG shares are outstanding with a float of 436.96 million shares on hand for trading. On 2024-10-31, short shares totaled 14.41 million, which was 327.0 higher than short shares on 1727654400. In addition to Mr. Bruce Winfield Van Saun as the firm’s CEO & Chairman of the Board, Mr. John F. Woods serves as its Vice Chairman & CFO.
Institutional Ownership:
Through their ownership of 0.97603 of CFG’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CFG since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CFG analysts setting a high price target of 58.0 and a low target of 42.6, the average target price over the next 12 months is 48.00556. Based on these targets, CFG could surge 21.72% to reach the target high and fall by -10.6% to reach the target low. Reaching the average price target will result in a growth of 0.75% from current levels.
Analysts have provided yearly estimates in a range of $3.07335 being high and $2.90314 being low. For CFG, this leads to a yearly average estimate of $3.02607. The surprise factor in the prior quarter was $0.79. Based on analyst estimates, the high estimate for the next quarter is $0.88 and the low estimate is $0.66. The average estimate for the next quarter is thus $0.76.
