News stories about Citigroup (NYSE:C) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. 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 impact score of 0.03 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.1182153932474 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
C has been the subject of a number of recent analyst reports. Vining Sparks upgraded Citigroup to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, April 6th. Morgan Stanley upped their target price on Citigroup from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, March 15th. HSBC upgraded Citigroup from a “hold” rating to a “buy” rating and upped their target price for the stock from $82.00 to $85.00 in a report on Wednesday, April 11th. TheStreet cut Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, March 27th. Finally, Zacks Investment Research cut Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $80.78.
Shares of Citigroup opened at $65.75 on Tuesday, according to MarketBeat. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $172.71 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.97 and a beta of 1.51. Citigroup has a 1-year low of $63.21 and a 1-year high of $80.70.
Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. The firm had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS. equities analysts forecast that Citigroup will post 6.49 EPS for the current fiscal year.
In related news, CFO John C. Gerspach sold 12,966 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $72.31, for a total transaction of $937,571.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.
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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