Citigroup (C) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Citigroup (NYSE: C) recently:

  • 2/9/2018 – Citigroup was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 2/7/2018 – Citigroup was upgraded by analysts at DZ Bank AG from a “hold” rating to a “buy” rating.
  • 2/5/2018 – Citigroup was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $61.20 price target on the stock.
  • 2/2/2018 – Citigroup was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “Shares of Citigroup underperformed the industry over the past six months. However, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. The fourth-quarter 2017 results were supported by prudent expense management and strong consumer banking. However, fixed income trading income slumped. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management, will likely support profitability. Moreover, expansion of wealth management business in Australia will act as a tailwind. Yet, several issues, including litigation burden, keep us apprehensive. Also, in spite of rising rates, margin remains under pressure, due to persistent decline in the company’s legacy holdings portfolio.”
  • 2/2/2018 – Citigroup had its price target raised by analysts at Morgan Stanley from $88.00 to $92.00. They now have an “overweight” rating on the stock.
  • 1/29/2018 – Citigroup was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $70.80 price target on the stock.
  • 1/17/2018 – Citigroup was given a new $87.00 price target on by analysts at Nomura. They now have a “buy” rating on the stock.
  • 1/17/2018 – Citigroup was given a new $80.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 1/17/2018 – Citigroup was downgraded by analysts at Vertical Group from a “buy” rating to a “hold” rating.
  • 1/17/2018 – Citigroup had its price target raised by analysts at BMO Capital Markets from $75.00 to $75.00. They now have a “market perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/17/2018 – Citigroup had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods.
  • 1/17/2018 – Citigroup had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $85.00 price target on the stock.
  • 1/17/2018 – Citigroup was given a new $100.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 1/17/2018 – Citigroup was given a new $74.00 price target on by analysts at Deutsche Bank AG. They now have a “neutral” rating on the stock.
  • 1/16/2018 – Citigroup had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $83.00 price target on the stock.
  • 1/16/2018 – Citigroup was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $82.00 price target on the stock, down previously from $90.00.
  • 1/4/2018 – Citigroup had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $86.00 price target on the stock.
  • 1/2/2018 – Citigroup had its price target raised by analysts at Barclays PLC from $76.00 to $93.00. They now have an “overweight” rating on the stock.
  • 12/31/2017 – Citigroup was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 12/20/2017 – Citigroup was given a new $95.00 price target on by analysts at Wells Fargo & Co. They now have a “buy” rating on the stock.
  • 12/14/2017 – Citigroup had its price target raised by analysts at Keefe, Bruyette & Woods from $80.00 to $87.00. They now have an “outperform” rating on the stock.

Shares of Citigroup Inc (NYSE:C) opened at $73.68 on Monday. Citigroup Inc has a fifty-two week low of $56.55 and a fifty-two week high of $80.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $189,357.58, a PE ratio of -23.77, a PEG ratio of 1.07 and a beta of 1.54.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the business earned $1.14 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. analysts anticipate that Citigroup Inc will post 6.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is currently -41.29%.

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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