Citigroup (NYSE:C) received a $95.00 target price from Wells Fargo & Co in a report issued on Wednesday, December 20th. The firm presently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Co’s target price points to a potential upside of 23.63% from the stock’s current price.
Several other research analysts have also recently weighed in on C. Raymond James Financial began coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley raised their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. BidaskClub upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Deutsche Bank restated a “hold” rating and set a $67.00 price objective (up from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price target on the stock. in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $78.02.
Shares of Citigroup (NYSE:C) traded up $1.28 during trading hours on Wednesday, hitting $76.84. 16,902,707 shares of the stock traded hands, compared to its average volume of 16,690,000. Citigroup has a 52-week low of $55.23 and a 52-week high of $77.92. The company has a market capitalization of $203,170.00, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. equities research analysts expect that Citigroup will post 5.25 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. KCS Wealth Advisory purchased a new stake in Citigroup during the fourth quarter worth $780,000. Hexavest Inc. raised its position in Citigroup by 1.8% during the fourth quarter. Hexavest Inc. now owns 816,207 shares of the financial services provider’s stock worth $60,734,000 after acquiring an additional 14,674 shares during the period. Greenhaven Associates Inc. raised its position in Citigroup by 0.9% during the fourth quarter. Greenhaven Associates Inc. now owns 11,615,610 shares of the financial services provider’s stock worth $864,318,000 after acquiring an additional 109,306 shares during the period. Sawyer & Company Inc acquired a new position in Citigroup during the fourth quarter worth $117,000. Finally, Boyd Watterson Asset Management LLC OH raised its position in Citigroup by 36.5% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 18,663 shares of the financial services provider’s stock worth $1,389,000 after acquiring an additional 4,988 shares during the period. 78.54% of the stock is currently owned by institutional investors and hedge funds.
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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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