Citigroup Now Covered by Jefferies Group (C)
Equities researchers at Jefferies Group started coverage on shares of Citigroup (NYSE:C) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $60.00 price target on the stock. Jefferies Group’s target price points to a potential upside of 9.47% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Citigroup from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $86.50 price target on the stock. Separately, analysts at Evercore Partners upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 16th. They now have a $58.00 price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Citigroup in a research note to investors on Thursday, December 12th. They now have a $61.00 price target on the stock, up previously from $58.00. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and a consensus target price of $58.92.
Citigroup (NYSE:C) traded up 1.16% during mid-day trading on Wednesday, hitting $54.81. 25,998,152 shares of the company’s stock traded hands. Citigroup has a 1-year low of $40.28 and a 1-year high of $54.72. The stock’s 50-day moving average is $52.08 and its 200-day moving average is $50.54. The company has a market cap of $166.2 billion and a P/E ratio of 13.67.
Citigroup (NYSE:C) last issued its quarterly 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 previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that Citigroup will post $4.62 EPS 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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