Traders Buy Large Volume of Put Options on Citigroup (C)
Shares of Citigroup (NYSE:C) saw some unusual options trading activity on Friday. Traders acquired 69,722 put options on the company, Analyst Ratings Network reports. This represents an increase of 301% compared to the typical daily volume of 17,377 put options.
A number of analysts have recently weighed in on C shares. 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 research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $58.68.
Citigroup (NYSE:C) traded down 1.41% on Friday, hitting $47.59. The stock had a trading volume of 34,806,544 shares. Citigroup has a one year low of $45.06 and a one year high of $55.28. The stock’s 50-day moving average is $47.61 and its 200-day moving average is $49.36. The company has a market cap of $144.6 billion and a price-to-earnings ratio of 11.10.
Citigroup (NYSE:C) last posted its quarterly 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 $4.69 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.