Citigroup (C) Given Buy Rating at Credit Suisse Group

Citigroup (NYSE:C)‘s stock had its “buy” rating reissued by equities research analysts at Credit Suisse Group in a research report issued on Tuesday, December 12th. They presently have a $83.00 target price on the financial services provider’s stock. Credit Suisse Group’s price target would indicate a potential upside of 9.95% from the company’s previous close.

A number of other research analysts have also issued reports on C. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and boosted their target price for the company from $63.00 to $70.00 in a research note on Monday, September 11th. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Atlantic Securities restated an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Deutsche Bank restated a “hold” rating and set a $67.00 price target (up from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $76.78.

Citigroup (C) opened at $75.49 on Tuesday. 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 $199,600.00, a PE ratio of 14.55, a PEG ratio of 1.49 and a beta of 1.55. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $77.92.

Citigroup (NYSE:C) last posted 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. The firm had revenue of $18.17 billion during the quarter, compared to analyst estimates of $17.87 billion. Citigroup had a net margin of 22.76% and a return on equity of 7.30%. Citigroup’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. analysts anticipate that Citigroup will post 5.3 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in C. Catamount Wealth Management purchased a new position in shares of Citigroup in the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,030 shares in the last quarter. Patten Group Inc. increased its position in shares of Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 110 shares in the last quarter. Balentine LLC increased its position in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 272 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its position in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 78.47% of the company’s stock.

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About Citigroup

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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