Jefferies Group Weighs in on Citigroup Inc’s Q4 2017 Earnings (C)

Citigroup Inc (NYSE:C) – Research analysts at Jefferies Group lowered their Q4 2017 EPS estimates for Citigroup in a report released on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $1.14 for the quarter, down from their previous forecast of $1.24. Jefferies Group has a “Neutral” rating and a $81.00 price target on the stock. Jefferies Group also issued estimates for Citigroup’s FY2018 earnings at $6.10 EPS.

C has been the subject of several other research reports. Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays boosted their target price on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Raymond James Financial initiated coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $78.02.

Citigroup (NYSE:C) opened at $75.31 on Wednesday. The stock has a market capitalization of $199,120.00, a price-to-earnings ratio of 14.51, a PEG ratio of 1.30 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a one year low of $55.23 and a one year high of $77.92.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Catamount Wealth Management purchased a new stake in shares of Citigroup during the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the period. Balentine LLC grew its holdings in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new stake in shares of Citigroup during the 2nd quarter worth about $123,000. Institutional investors own 78.54% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/10/jefferies-group-weighs-in-on-citigroup-incs-q4-2017-earnings-c.html.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply