Citigroup’s Neutral Rating Reaffirmed at JPMorgan Chase & Co. (C)
Citigroup (NYSE:C)‘s stock had its “neutral” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. They currently have a $54.00 price target on the stock, up from their previous price target of $52.50. JPMorgan Chase & Co.’s price objective indicates a potential upside of 3.39% from the stock’s previous close.
Citigroup (NYSE:C) traded up 0.92% during mid-day trading on Thursday, hitting $52.71. The stock had a trading volume of 9,026,441 shares. Citigroup has a 1-year low of $45.18 and a 1-year high of $55.28. The stock’s 50-day moving average is $49.77 and its 200-day moving average is $48.3. The company has a market cap of $159.8 billion and a price-to-earnings ratio of 17.18.
Citigroup (NYSE:C) last posted its quarterly earnings results on Monday, July 14th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.25 earnings per share. Analysts expect that Citigroup will post $3.69 earnings per share for the current fiscal year.
A number of other firms have also recently commented on C. Analysts at Nomura reiterated a “top pick” rating on shares of Citigroup in a research note on Wednesday. Separately, 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. Finally, analysts at S&P Equity Research reiterated a “hold” rating on shares of Citigroup in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $57.59.
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.