Citigroup (NYSE:C) had its price target lifted by analysts at Barclays from $76.00 to $93.00 in a note issued to investors on Tuesday, January 2nd, Marketbeat reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays’ price objective would indicate a potential upside of 23.26% from the stock’s previous close.
C has been the subject of a number of other reports. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and boosted their target price for the company from $63.00 to $70.00 in a research note on Monday, September 11th. Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a research note on Wednesday, September 13th. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Atlantic Securities reaffirmed an “overweight” rating and issued a $85.00 price objective (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $67.00 price objective (up from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $78.02.
Citigroup (C) traded down $0.20 during midday trading on Tuesday, reaching $75.45. 6,581,432 shares of the company’s stock traded hands, compared to its average volume of 15,010,786. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $199,460.00, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. Citigroup has a 52 week low of $55.23 and a 52 week high of $77.92.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. research analysts anticipate that Citigroup will post 5.25 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Catamount Wealth Management purchased a new stake in Citigroup in the 2nd quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Citigroup by 206.0% in 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 in the last quarter. Balentine LLC boosted its position in Citigroup by 20.2% in 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 in the last quarter. Acrospire Investment Management LLC boosted its position in Citigroup by 21.4% in 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 in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Citigroup in the 2nd quarter worth approximately $123,000. Institutional investors own 78.54% of the company’s stock.
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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.
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