Citigroup (NYSE:C) had its price target hoisted by investment analysts at Nomura to $84.00 in a research note issued on Monday. The firm presently has a “buy” rating on the financial services provider’s stock. Nomura’s target price would suggest a potential upside of 10.74% from the company’s current price.

A number of other research analysts have also commented on C. Keefe, Bruyette & Woods set a $75.00 price target on shares of Citigroup and gave the company a “buy” rating in a research report on Sunday, August 13th. Credit Suisse Group restated a “buy” rating and set a $83.00 price target (up from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price target on shares of Citigroup in a research report on Wednesday, September 27th. Finally, BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Citigroup presently has an average rating of “Buy” and an average price target of $75.97.

Citigroup (NYSE:C) traded up $0.14 during trading hours on Monday, hitting $75.85. 10,343,555 shares of the company were exchanged, compared to its average volume of 16,881,119. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $200,180.00, a PE ratio of 14.59, a PEG ratio of 1.48 and a beta of 1.55. Citigroup has a 52 week low of $55.23 and a 52 week high of $77.92.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. AXA raised its stake in Citigroup by 28.1% in the third quarter. AXA now owns 1,012,216 shares of the financial services provider’s stock worth $73,629,000 after buying an additional 222,340 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Citigroup in the third quarter worth about $6,018,000. Optimum Investment Advisors grew its holdings in Citigroup by 224.1% in the third quarter. Optimum Investment Advisors now owns 12,865 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 8,895 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Citigroup by 7.5% in the third quarter. Public Employees Retirement System of Ohio now owns 2,328,184 shares of the financial services provider’s stock worth $169,352,000 after purchasing an additional 162,845 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Citigroup in the third quarter worth about $487,000. 78.59% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Citigroup (NYSE:C)

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