Citigroup (NYSE:C) had its price objective boosted by investment analysts at Credit Suisse Group from $88.00 to $90.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price target would indicate a potential upside of 10.80% from the stock’s current price.
Several other analysts have also issued reports on C. Goldman Sachs Group boosted their price target on shares of Citigroup from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Bank of America reissued a “buy” rating and issued a $94.00 price target on shares of Citigroup in a research report on Wednesday. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price target on the stock in a research report on Wednesday, October 9th. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, Oppenheimer boosted their price target on shares of Citigroup from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $89.24.
Shares of NYSE C traded up $0.23 during midday trading on Friday, hitting $81.23. The company’s stock had a trading volume of 2,349,088 shares, compared to its average volume of 13,476,397. The stock has a fifty day moving average price of $77.98 and a 200 day moving average price of $71.76. Citigroup has a one year low of $60.05 and a one year high of $83.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $178.83 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 0.85 and a beta of 1.81.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.04. Citigroup had a net margin of 18.75% and a return on equity of 10.28%. The company had revenue of $18.38 billion for the quarter, compared to analyst estimates of $17.95 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Citigroup will post 8.51 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Man Group plc increased its position in Citigroup by 6.7% during the third quarter. Man Group plc now owns 4,013,912 shares of the financial services provider’s stock worth $277,281,000 after purchasing an additional 251,927 shares during the last quarter. First Long Island Investors LLC boosted its stake in Citigroup by 0.3% in the 3rd quarter. First Long Island Investors LLC now owns 111,401 shares of the financial services provider’s stock valued at $7,696,000 after buying an additional 310 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Citigroup by 132.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 24,345 shares of the financial services provider’s stock valued at $1,682,000 after buying an additional 13,868 shares in the last quarter. Armstrong Shaw Associates Inc. CT boosted its stake in Citigroup by 3.0% in the 3rd quarter. Armstrong Shaw Associates Inc. CT now owns 44,124 shares of the financial services provider’s stock valued at $3,048,000 after buying an additional 1,300 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. boosted its stake in Citigroup by 2.3% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 73,483 shares of the financial services provider’s stock valued at $5,076,000 after buying an additional 1,647 shares in the last quarter. 76.95% of the stock is currently owned by institutional investors and hedge funds.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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