Citigroup (NYSE:C) has been assigned a $95.00 target price by Wells Fargo & Company in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Wells Fargo & Company’s price target suggests a potential upside of 27.24% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the stock. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Credit Suisse Group reissued a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a research report on Wednesday, September 13th. Raymond James Financial initiated coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley boosted their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, Jefferies Group set a $81.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.78.
Citigroup (C) traded down $0.04 during trading on Wednesday, reaching $74.66. 17,614,894 shares of the company’s stock traded hands, compared to its average volume of 16,993,867. The stock has a market cap of $200,071.63, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a 12 month low of $55.23 and a 12 month high of $77.92.
Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. research analysts predict that Citigroup will post 5.3 earnings per share for the current year.
A number of large investors have recently bought and sold shares of C. Catamount Wealth Management purchased a new stake in Citigroup during the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the last quarter. Balentine LLC lifted its position in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 272 shares during the last quarter. Acrospire Investment Management LLC lifted its position in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 300 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Citigroup during the second quarter valued at approximately $123,000. 78.47% of the stock is owned by institutional investors.
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.