Morgan Stanley Stick to Their Buy Rating for Citizens Financial By Investing.com

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Morgan Stanley Stick to Their Buy Rating for Citizens Financial

Aug 04, 2020 08:27AM ET

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Morgan Stanley (NYSE:MS) analyst Ken Zerbe maintained a Buy rating on Citizens Financial (NYSE:CFG) on Tuesday, setting a price target of $33, which is approximately 33.01% above the present share price of $24.81.

Zerbe expects Citizens Financial to post earnings per share (EPS) of $0.03 for the third quarter of 2020.

The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Citizens Financial, with an average price target of $30.11.
The analysts price targets range from a high of $34 to a low of $25.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.52 billion and a net profit of $0. The company's market cap is $10.34 billion.

According to TipRanks.com, Morgan Stanley analyst Ken Zerbe is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.0% and a 45.77% success rate.

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.

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