Citigroup Price Target Cut to $57.00 (C)
Research analysts at Sanford C. Bernstein dropped their price target on shares of Citigroup (NYSE:C) from $60.00 to $57.00 in a report released on Wednesday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 12.12% from the company’s current price.
C has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Citigroup in a research note to investors on Wednesday. They now have a $51.00 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Citigroup from $65.00 to $63.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, 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. One research 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 assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.47.
Shares of Citigroup (NYSE:C) traded up 4.05% during mid-day trading on Wednesday, hitting $50.84. 41,573,988 shares of the company’s stock traded hands. Citigroup has a 1-year low of $34.04 and a 1-year high of $53.56. The stock has a 50-day moving average of $49.54 and a 200-day moving average of $49.27. The company has a market cap of $154.6 billion and a P/E ratio of 15.70.
Citigroup (NYSE:C) last released its earnings data on Tuesday, October 15th. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.11 by $0.09. The company had revenue of $18.20 million for the quarter, compared to the consensus estimate of $18.73 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts predict that Citigroup will post $4.77 earnings per share for the current fiscal year.
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.
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