Citigroup Given a $65.00 Price Target by Bank of America Corp. Analysts (C)
Investment analysts at Bank of America Corp. set a $65.00 price target on shares of Citigroup (NYSE:C) stock in a note issued to investors on Friday, Stock Ratings Network.com reports. Bank of America Corp.’s target price would indicate a potential upside of 31.74% from the stock’s previous close.
Shares of Citigroup (NYSE:C) traded up 2.26% during mid-day trading on Friday, hitting $49.34. The stock had a trading volume of 37,911,696 shares. Citigroup has a 1-year low of $40.28 and a 1-year high of $55.28. The stock’s 50-day moving average is $51.45 and its 200-day moving average is $50.73. The company has a market cap of $149.5 billion and a P/E ratio of 10.91.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, January 16th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.69 earnings per share. Analysts expect that Citigroup will post $5.01 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.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Citigroup in a research note to investors on Wednesday. Separately, analysts at Argus reiterated a “sell” rating on shares of Citigroup in a research note to investors on Wednesday. They now have a $60.53 price target on the stock, up previously from $46.78. Finally, analysts at Thomson Reuters/Verus downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note to investors on Monday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $59.02.
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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