Sterne Agee Reiterates Market Perform Rating for Citigroup (C)
Citigroup (NYSE:C)‘s stock had its “market perform” rating reaffirmed by investment analysts at Sterne Agee in a note issued to investors on Tuesday, Stock Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein upgraded shares of Citigroup from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $57.00 price target on the stock, up previously from $52.00. Separately, analysts at Rafferty Capital Markets upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research note on Monday. Finally, analysts at Zacks upgraded shares of Citigroup from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and a consensus price target of $58.67.
Citigroup (NYSE:C) opened at 47.67 on Tuesday. Citigroup has a 52 week low of $44.52 and a 52 week high of $55.28. The stock has a 50-day moving average of $48.25 and a 200-day moving average of $49.87. The company has a market cap of $144.7 billion and a price-to-earnings ratio of 10.51.
Citigroup (NYSE:C) last posted its quarterly earnings results on Monday, April 14th. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.14. The company had revenue of $20.10 billion for the quarter, compared to the consensus estimate of $19.38 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. Analysts expect that Citigroup will post $4.71 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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