Citigroup’s Top Pick Rating Reiterated at Nomura (C)
A number of other firms have also recently commented on C. Analysts at Zacks reiterated a “neutral” rating on shares of Citigroup in a research note on Wednesday, August 27th. They now have a $55.00 price target on the stock. Separately, analysts at S&P Equity Research reiterated a “hold” rating on shares of Citigroup in a research note on Tuesday, July 15th. Finally, analysts at Oppenheimer raised their price target on shares of Citigroup from $67.00 to $68.00 in a research note on Tuesday, July 15th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Citigroup has a consensus rating of “Buy” and a consensus price target of $57.82.
Shares of Citigroup (NYSE:C) opened at 51.96 on Wednesday. Citigroup has a 52-week low of $45.18 and a 52-week high of $55.28. The stock has a 50-day moving average of $49.69 and a 200-day moving average of $48.35. The company has a market cap of $157.5 billion and a price-to-earnings ratio of 16.99.
Citigroup (NYSE:C) last issued its quarterly earnings data on Monday, July 14th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.10 by $0.14. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $18.94 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, analysts predict that Citigroup will post $3.64 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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