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Citigroup (NYSE:C)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Friday. They currently have a $50.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 5.75% from the stock’s previous close.

Zacks’ analyst wrote, “Following a disappointing second-half 2013, Citigroup reported impressive first-quarter 2014 results. Driven by prudent expense management, earnings outpaced the Zacks Consensus Estimate as well as the prior-year period earnings. Though fall in revenues was recorded, on the whole, its profit level outpaced expectations. We believe the company’s global footprint and attractive core business are impressive. Yet, a low interest-rate environment and regulatory issues along with litigation risks remain headwinds. Further, the 2014 capital plan rejection is a matter of concern. Considering the tepid economic recovery and expected slump in trading revenues, we believe that robust top-line expansion will remain elusive in the near term. “

C has been the subject of a number of other recent research reports. Analysts at HSBC initiated coverage on shares of Citigroup in a research note on Wednesday, May 21st. They set a “buy” rating and a $56.00 price target on the stock. Separately, analysts at MKM Partners initiated coverage on shares of Citigroup in a research note on Wednesday, May 21st. They set a “buy” rating and a $56.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Citigroup in a research note on Thursday, April 24th. They now have a $51.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given 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 an average price target of $58.68.

Shares of Citigroup (NYSE:C) traded up 0.51% during mid-day trading on Friday, hitting $47.52. The stock had a trading volume of 6,092,357 shares. Citigroup has a 1-year low of $45.06 and a 1-year high of $55.28. The stock’s 50-day moving average is $47.33 and its 200-day moving average is $49.52. The company has a market cap of $144.4 billion and a P/E ratio of 10.87.

Citigroup (NYSE:C) last announced its earnings results on Monday, April 14th. The company reported $1.30 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.29 earnings per share. On average, analysts predict that Citigroup will post $4.73 earnings per share for the current fiscal year.

In other Citigroup news, Director William Thompson purchased 40,228 shares of the stock on the open market in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $1,501,308.96. Following the transaction, the director now directly owns 6,438 shares of the company’s stock, valued at approximately $240,266. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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.

To view Zacks’ full report, visit Zacks’ official website.

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