Citigroup (C) Price Target Raised to $75.00
Citigroup (NYSE:C) had its price objective upped by investment analysts at BMO Capital Markets to $75.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 2.01% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other equities research analysts have also recently weighed in on C. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Citigroup in a research report on Wednesday. Deutsche Bank set a $74.00 target price on Citigroup and gave the stock a “neutral” rating in a research report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Citigroup in a research report on Wednesday. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $83.00 target price on shares of Citigroup in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Citigroup presently has a consensus rating of “Buy” and an average target price of $79.07.
Shares of Citigroup (NYSE:C) opened at $76.54 on Wednesday. Citigroup has a 12-month low of $55.23 and a 12-month high of $78.44. 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 firm has a market capitalization of $202,370.00, a P/E ratio of 14.75, a PEG ratio of 1.23 and a beta of 1.56.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the business earned $1.14 earnings per share. Citigroup’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that Citigroup will post 5.25 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Pennsylvania Trust Co increased its stake in shares of Citigroup by 765.3% in the second quarter. Pennsylvania Trust Co now owns 100,824 shares of the financial services provider’s stock valued at $6,743,000 after buying an additional 89,172 shares in the last quarter. Bank of The West increased its stake in shares of Citigroup by 1.0% in the second quarter. Bank of The West now owns 77,833 shares of the financial services provider’s stock valued at $5,206,000 after buying an additional 798 shares in the last quarter. Kempner Capital Management Inc. increased its stake in shares of Citigroup by 1.7% in the second quarter. Kempner Capital Management Inc. now owns 111,530 shares of the financial services provider’s stock valued at $7,459,000 after buying an additional 1,854 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Citigroup in the second quarter valued at $919,000. Finally, Swedbank increased its stake in shares of Citigroup by 17.6% in the second quarter. Swedbank now owns 2,127,262 shares of the financial services provider’s stock valued at $142,271,000 after buying an additional 318,777 shares in the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.
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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.
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