Citigroup (C) Announces Quarterly Results
Citigroup (NYSE:C) released its earnings data on Tuesday. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.11 by $0.09, Stock Ratings Network.com reports. The company had revenue of $18.20 million for the quarter, compared to the consensus estimate of $18.73 billion.
C has been the subject of a number of recent research reports. Analysts at ISI Group initiated coverage on shares of Citigroup in a research note to investors on Tuesday, October 8th. They set a “buy” rating on the stock. On the ratings front, analysts at TheStreet reiterated a “buy” rating on shares of Citigroup in a research note to investors on Wednesday, October 2nd. Finally, analysts at Credit Suisse raised their price target on shares of Citigroup from $60.00 to $65.00 in a research note to investors on Tuesday, October 1st. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.97.
Shares of Citigroup (NYSE:C) opened at 49.60 on Tuesday. Citigroup has a one year low of $34.04 and a one year high of $53.56. The stock has a 50-day moving average of $49.48 and a 200-day moving average of $49.27. The company has a market cap of $150.8 billion and a price-to-earnings ratio of 15.93.
Citigroup Inc (NYSE:C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.