Citigroup (NYSE:C) has been given a $80.00 price target by analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. The firm currently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 4.85% from the stock’s current price.
Several other brokerages also recently commented on C. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of Citigroup in a research note on Wednesday. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Citigroup in a research note on Wednesday. Finally, Vertical Group downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday. 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 given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $79.30.
Citigroup (C) traded down $0.81 during mid-day trading on Wednesday, reaching $76.30. The company had a trading volume of 7,245,591 shares, compared to its average volume of 16,365,630. Citigroup has a one year low of $55.23 and a one year high of $78.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $201,550.00, a price-to-earnings ratio of 14.70, 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 Zacks’ 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 analyst estimates of $17.23 billion. During the same quarter last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts predict that Citigroup will post 5.25 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Catamount Wealth Management bought a new stake in Citigroup during the second quarter valued at about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,030 shares during the period. Patten Group Inc. raised its holdings in Citigroup by 6.6% during the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 110 shares during the period. Gemmer Asset Management LLC raised its holdings in Citigroup by 3.2% during the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 69 shares during the period. Finally, FNY Partners Fund LP bought a new stake in Citigroup during the fourth quarter valued at about $106,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.
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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.