Citigroup Given Buy Rating at TheStreet (C)
Citigroup (NYSE:C)‘s stock had its “buy” rating restated by research analysts at TheStreet in a report released on Tuesday, Analyst Ratings Network.com reports.
The analysts wrote, “Citigroup (C) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
A number of other firms have also recently commented on C. Analysts at Zacks reiterated a “neutral” rating on shares of Citigroup in a research note to investors on Friday. They now have a $55.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Citigroup in a research note to investors on Thursday, January 9th. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Citigroup in a research note to investors on Wednesday, January 8th. They set a “hold” rating and a $60.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $58.49.
Citigroup (NYSE:C) traded up 0.50% during mid-day trading on Tuesday, hitting $52.53. 6,477,364 shares of the company’s stock traded hands. Citigroup has a one year low of $40.28 and a one year high of $55.28. The stock’s 50-day moving average is $52.52 and its 200-day moving average is $50.87. The company has a market cap of $159.3 billion and a P/E ratio of 13.19.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, January 16th. The company reported $0.82 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.12 by $0.30. The company had revenue of $17.90 billion for the quarter, compared to the consensus estimate of $18.18 billion. During the same quarter last year, the company posted $0.69 earnings per share. Analysts expect that Citigroup will post $5.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a dividend of 0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, January 30th.
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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