Macquarie Increases Citigroup (C) Price Target to $84.00

Citigroup (NYSE:C) had its price objective increased by research analysts at Macquarie from $82.00 to $84.00 in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Macquarie’s target price would suggest a potential upside of 9.50% from the stock’s current price.

A number of other research firms have also issued reports on C. Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 target price for the company. in a research note on Monday, January 29th. Morgan Stanley boosted their target price on shares of Citigroup from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Friday, February 2nd. Jefferies Group reissued a “hold” rating and set a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $90.00 to $82.00 in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned 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 an average target price of $79.65.

Citigroup (NYSE C) traded up $1.53 during trading on Monday, reaching $76.71. 16,257,629 shares of the company’s stock were exchanged, compared to its average volume of 17,550,000. 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 cap of $202,820.00, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.54. Citigroup has a 52-week low of $56.55 and a 52-week high of $80.70.

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

A number of hedge funds have recently added to or reduced their stakes in C. FMR LLC raised its holdings in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after acquiring an additional 4,061,637 shares during the period. Harris Associates L P raised its holdings in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after acquiring an additional 221,171 shares during the period. Northern Trust Corp raised its holdings in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after acquiring an additional 1,011,532 shares during the period. Geode Capital Management LLC raised its holdings in shares of Citigroup by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock valued at $2,119,402,000 after acquiring an additional 256,760 shares during the period. Finally, Boston Partners raised its holdings in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after acquiring an additional 817,162 shares during the period. 80.71% of the stock is owned by institutional investors and hedge funds.

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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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