HSBC upgraded shares of Citigroup (NYSE:C) from a hold rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have $85.00 price objective on the financial services provider’s stock, up from their prior price objective of $82.00.
A number of other equities analysts also recently commented on C. Credit Suisse Group reiterated a buy rating and issued a $83.00 target price on shares of Citigroup in a report on Tuesday, December 12th. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $80.00 to $87.00 and gave the company an outperform rating in a report on Thursday, December 14th. Wells Fargo set a $95.00 price objective on shares of Citigroup and gave the company a buy rating in a report on Wednesday, December 20th. ValuEngine upgraded shares of Citigroup from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Finally, Barclays upped their price objective on shares of Citigroup from $76.00 to $93.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the stock. Citigroup currently has an average rating of Hold and a consensus target price of $80.92.
Shares of Citigroup stock opened at $71.01 on Wednesday. The stock has a market capitalization of $185,378.84, a price-to-earnings ratio of 13.32, a PEG ratio of 1.03 and a beta of 1.56. 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 has a one year low of $57.55 and a one year high of $80.70.
Citigroup (NYSE:C) last announced its earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. The business had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.89 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. sell-side analysts anticipate that Citigroup will post 6.4 EPS for the current year.
A number of large investors have recently modified their holdings of C. Sawyer & Company Inc purchased a new stake in Citigroup in the 4th quarter worth approximately $117,000. Baldwin Brothers Inc. MA boosted its position in Citigroup by 88.4% in the 4th quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 750 shares in the last quarter. Risk Paradigm Group LLC boosted its position in Citigroup by 829.2% in the 4th quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,733 shares in the last quarter. Lee Financial Co boosted its position in Citigroup by 57.0% in the 4th quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 813 shares in the last quarter. Finally, Omnia Family Wealth LLC boosted its position in Citigroup by 187.7% in the 4th quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 80.16% of the company’s stock.
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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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