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.
ILLEGAL ACTIVITY NOTICE: “Citigroup (C) Price Target Raised to $75.00” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/17/citigroup-c-price-target-raised-to-75-00.html.
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.