Citigroup (NYSE:C) had its price target increased by Bank of America from $73.00 to $74.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. They currently have a buy rating on the financial services provider’s stock.
Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Citigroup from a sell rating to a hold rating in a report on Thursday, July 2nd. Credit Suisse Group reiterated a buy rating and issued a $75.00 price target on shares of Citigroup in a report on Sunday, April 19th. UBS Group lifted their price target on shares of Citigroup from $50.00 to $64.00 and gave the company a buy rating in a report on Monday, May 4th. Argus upgraded shares of Citigroup from a hold rating to a buy rating and set a $60.00 price target on the stock in a report on Monday, April 20th. They noted that the move was a valuation call. Finally, Royal Bank of Canada restated a buy rating and set a $58.00 target price on shares of Citigroup in a report on Friday, July 3rd. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Citigroup presently has a consensus rating of Buy and an average price target of $73.85.
NYSE:C opened at $52.65 on Friday. The stock has a market cap of $109.61 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.82. The firm’s fifty day simple moving average is $51.37 and its 200 day simple moving average is $58.58. Citigroup has a twelve month low of $32.00 and a twelve month high of $83.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52.
Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.16. The business had revenue of $20.73 billion for the quarter, compared to analysts’ expectations of $18.98 billion. Citigroup had a net margin of 16.56% and a return on equity of 9.15%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.87 earnings per share. On average, analysts expect that Citigroup will post 3.25 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of C. Lenox Wealth Management Inc. raised its position in Citigroup by 71.6% in the 1st quarter. Lenox Wealth Management Inc. now owns 647 shares of the financial services provider’s stock worth $27,000 after buying an additional 270 shares during the last quarter. Larson Financial Group LLC raised its position in Citigroup by 47.1% in the 1st quarter. Larson Financial Group LLC now owns 756 shares of the financial services provider’s stock worth $32,000 after buying an additional 242 shares during the last quarter. Wealth Quarterback LLC purchased a new position in Citigroup in the 4th quarter worth about $37,000. CVA Family Office LLC purchased a new position in Citigroup in the 1st quarter worth about $37,000. Finally, Engrave Wealth Partners LLC purchased a new position in Citigroup in the 4th quarter worth about $39,000. 77.12% of the stock is owned by hedge funds and other institutional investors.
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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