Citigroup (NYSE:C) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage currently has a $80.92 target price on the financial services provider’s stock. Vetr‘s price objective suggests a potential upside of 4.95% from the company’s current price.

A number of other brokerages also recently commented on C. Bank of America restated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Atlantic Securities restated an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. BMO Capital Markets upped their target price on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. Finally, Credit Suisse Group restated a “buy” rating and issued a $73.00 target price on shares of Citigroup in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen 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 price target of $75.83.

Citigroup (C) traded up $1.59 during trading on Monday, reaching $77.10. The company’s stock had a trading volume of 23,126,984 shares, compared to its average volume of 16,894,850. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market cap of $204,170.00, a P/E ratio of 14.55, a PEG ratio of 1.48 and a beta of 1.55. Citigroup has a twelve month low of $55.23 and a twelve month high of $77.92.

Citigroup (NYSE:C) last posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. analysts expect that Citigroup will post 5.31 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Citigroup by 2,718.7% during the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock valued at $11,749,573,000 after acquiring an additional 189,447,104 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Citigroup by 2.5% during the first quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock valued at $10,958,960,000 after acquiring an additional 4,391,347 shares during the last quarter. FMR LLC raised its holdings in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after acquiring an additional 2,943,282 shares during the last quarter. Finally, Harris Associates L P raised its holdings in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after acquiring an additional 221,171 shares during the last quarter. Institutional investors own 78.59% of the company’s stock.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Citigroup (NYSE:C)

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