Citigroup (C) Stock Rating Reaffirmed by Credit Suisse Group

Citigroup (NYSE:C)‘s stock had its “buy” rating restated by stock analysts at Credit Suisse Group in a research note issued to investors on Thursday. They presently have a $86.00 price target on the financial services provider’s stock. Credit Suisse Group’s target price would indicate a potential upside of 14.48% from the stock’s current price.

Several other analysts have also commented on the stock. Raymond James Financial initiated coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley raised their price objective on shares of Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Jefferies Group set a $81.00 price objective on shares of Citigroup and gave the stock a “neutral” rating in a report on Thursday, October 12th. Nomura raised their price objective on shares of Citigroup to $84.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, BMO Capital Markets raised their price objective on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and an average price target of $78.02.

Shares of Citigroup (NYSE C) traded down $0.39 on Thursday, reaching $75.12. 6,688,834 shares of the company’s stock traded hands, compared to its average volume of 15,779,533. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup has a twelve month low of $55.23 and a twelve month high of $77.92. The stock has a market capitalization of $199,090.00, a price-to-earnings ratio of 14.47, a PEG ratio of 1.29 and a beta of 1.56.

Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $17.87 billion. During the same period last year, the business posted $1.24 earnings per share. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. analysts anticipate that Citigroup will post 5.28 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Capital Analysts LLC raised its holdings in Citigroup by 5.4% in the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after acquiring an additional 2,367 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after acquiring an additional 205,298 shares during the last quarter. Bank of Hawaii raised its holdings in Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 2,242 shares during the last quarter. Norinchukin Bank The raised its holdings in Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after acquiring an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after acquiring an additional 5,125 shares during the last quarter. Hedge funds and other institutional investors own 78.54% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Citigroup (C) Stock Rating Reaffirmed by Credit Suisse Group” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/05/citigroup-c-stock-rating-reaffirmed-by-credit-suisse-group.html.

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)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply