Citigroup (NYSE:C)‘s stock had its “hold” rating restated by analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They currently have a $74.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 7.87% from the company’s current price.
A number of other equities analysts have also recently commented on C. Nomura lifted their price target on Citigroup to $84.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Citigroup in a research note on Tuesday, December 12th. Wells Fargo set a $95.00 price target on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, December 20th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Barclays lifted their price target on Citigroup from $76.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.69.
NYSE:C opened at $68.60 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $180,470.03, a P/E ratio of 13.17, a PEG ratio of 1.02 and a beta of 1.56. Citigroup has a 1-year low of $57.55 and a 1-year high of $80.70.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. equities analysts forecast that Citigroup will post 6.4 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of C. Advisors Capital Management LLC boosted its holdings in Citigroup by 2.8% in the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after acquiring an additional 5,125 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Citigroup by 17.3% in the third quarter. Principal Financial Group Inc. now owns 4,869,619 shares of the financial services provider’s stock worth $354,216,000 after acquiring an additional 717,320 shares in the last quarter. Foster & Motley Inc. bought a new stake in Citigroup in the third quarter worth $281,000. Prudential Financial Inc. boosted its holdings in Citigroup by 17.0% in the third quarter. Prudential Financial Inc. now owns 7,514,341 shares of the financial services provider’s stock worth $546,594,000 after acquiring an additional 1,092,980 shares in the last quarter. Finally, C WorldWide Group Holding A S boosted its holdings in Citigroup by 13.1% in the third quarter. C WorldWide Group Holding A S now owns 6,603,267 shares of the financial services provider’s stock worth $480,322,000 after acquiring an additional 764,249 shares in the last quarter. 80.16% of the stock is currently owned by institutional investors.
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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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