Citigroup Target of Unusually High Options Trading (C)
Citigroup (NYSE:C) was the recipient of unusually large options trading on Friday. Investors acquired 65,849 call options on the stock, American Banking & Market News reports. This represents an increase of 182% compared to the average volume of 23,319 call options.
C has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Citigroup in a research note on Friday, May 30th. They now have a $50.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.68.
Citigroup (NYSE:C) traded up 0.62% during mid-day trading on Friday, hitting $48.93. 19,145,326 shares of the company’s stock traded hands. Citigroup has a 52-week low of $45.06 and a 52-week high of $55.28. The stock’s 50-day moving average is $47.45 and its 200-day moving average is $49.4. The company has a market cap of $148.6 billion and a price-to-earnings ratio of 11.18.
Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, April 14th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.29 earnings per share. On average, analysts predict that Citigroup will post $4.69 earnings per share 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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