Macquarie Raises Citigroup (NYSE:C) Price Target to $84.00

Citigroup (NYSE:C) had its price target hoisted by equities research analysts at Macquarie from $82.00 to $84.00 in a research note issued on Monday, February 12th, Marketbeat.com reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Macquarie’s target price suggests a potential upside of 9.35% from the company’s previous close.

Several other equities analysts have also issued reports on C. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of Citigroup in a research report on Wednesday, January 17th. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. set a $80.00 target price on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price for the company. in a research report on Monday, January 29th. Finally, BidaskClub lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Citigroup presently has a consensus rating of “Buy” and a consensus target price of $79.65.

Citigroup (NYSE C) traded down $0.26 during trading on Monday, hitting $76.82. The company had a trading volume of 11,644,900 shares, compared to its average volume of 17,131,963. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a fifty-two week low of $56.55 and a fifty-two week high of $80.70. The company has a market capitalization of $203,110.00, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.54.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 earnings per share. equities analysts predict that Citigroup will post 6.4 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Leisure Capital Management increased its holdings in shares of Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares during the last quarter. Usca Ria LLC increased its holdings in shares of Citigroup by 0.3% during the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after acquiring an additional 90 shares during the last quarter. Boys Arnold & Co. Inc. increased its holdings in shares of Citigroup by 0.7% during the 2nd quarter. Boys Arnold & Co. Inc. now owns 14,532 shares of the financial services provider’s stock worth $972,000 after acquiring an additional 100 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of Citigroup by 0.5% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 20,225 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 101 shares during the last quarter. Finally, Buckingham Asset Management LLC increased its holdings in shares of Citigroup by 2.3% during the 2nd quarter. Buckingham Asset Management LLC now owns 6,018 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 79.62% of the company’s stock.

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About Citigroup

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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