News stories about Citigroup (NYSE:C) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citigroup earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.8708784030723 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, March 15th. ValuEngine cut shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Macquarie boosted their price target on shares of Citigroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Finally, DZ Bank raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $79.69.
Citigroup (NYSE C) traded up $0.22 during trading on Tuesday, hitting $72.92. 13,113,191 shares of the stock traded hands, compared to its average volume of 16,955,236. Citigroup has a one year low of $56.55 and a one year high of $80.70. The firm has a market cap of $188,822.75, a price-to-earnings ratio of -23.52, a PEG ratio of 1.06 and a beta of 1.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the business earned $1.14 EPS. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. sell-side analysts anticipate that Citigroup will post 6.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.76%. Citigroup’s dividend payout ratio (DPR) is currently -41.29%.
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Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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