Citigroup (NYSE:C) has been given a $87.00 target price by analysts at Nomura in a report released on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Nomura’s target price suggests a potential upside of 14.02% from the company’s previous close.
Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods lowered Citigroup from an “outperform” rating to a “market perform” rating and set a $82.00 target price on the stock. in a research note on Tuesday. Jefferies Group reiterated a “hold” rating and issued a $83.00 price objective on shares of Citigroup in a report on Tuesday. Deutsche Bank set a $74.00 price objective on Citigroup and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price objective on shares of Citigroup in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and a consensus target price of $79.30.
Shares of Citigroup (C) traded down $0.81 during midday trading on Wednesday, reaching $76.30. The company’s stock had a trading volume of 7,245,591 shares, compared to its average volume of 16,365,630. The company has a market cap of $201,550.00, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.23 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $78.44.
Citigroup (NYSE:C) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. sell-side analysts expect that Citigroup will post 5.25 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after acquiring an additional 4,391,347 shares in the last quarter. State Street Corp raised its position in shares of Citigroup by 7.7% in the 4th quarter. State Street Corp now owns 133,941,548 shares of the financial services provider’s stock worth $7,960,137,000 after acquiring an additional 9,581,819 shares in the last quarter. FMR LLC raised its position in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Citigroup by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after acquiring an additional 2,943,282 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.
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.