With 3.43 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.11 million shares. The 52-week range on CFG shows that it touched its highest point at $49.25 and its lowest point at $32.60 during that stretch. It currently has a 1-year price target of $46.90. With its current market cap of 17.25 billion, CFG has annualized dividend of $1.68 while the current yield stands at 4.22%. Beta for the stock currently stands at 1.07.
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 down-trending over the past week, with a drop of -4.67%, but this was up by 8.99% over a month. Three-month performance dropped to -11.39% while six-month performance fell -14.60%. The stock gained 8.99% in the past year, while it has lost -9.12% so far this year. A look at the trailing 12-month EPS for CFG yields 3.14 with Next year EPS estimates of 4.92. For the next quarter, that number is 0.88. This implies an EPS growth rate of 23.05% for this year and 32.00% for next year. EPS is expected to grow by 26.59% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.50%.
Float and Shares Shorts:
At present, 437.67 million CFG shares are outstanding with a float of 429.65 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.0829 being high and $2.85594 being low. For CFG, this leads to a yearly average estimate of $3.02616. Based on analyst estimates, the high estimate for the next quarter is $1.05 and the low estimate is $0.93. The average estimate for the next quarter is thus $1.01.
