News stories about Citigroup (NYSE:C) have trended somewhat negative on Saturday, InfoTrie reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Citigroup earned a daily sentiment score of -1.00 on their scale. InfoTrie also gave headlines about the financial services provider an news buzz score of 1 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Citigroup’s analysis:
- 25 Cities That Lost the Most Jobs in 2018 (feedproxy.google.com)
- 25 Cities That Added the Most Jobs in 2018 (feedproxy.google.com)
- Citigroup needs to slash bonuses, do ‘whatever it takes’ to cut costs: Wells Fargo analyst (finance.yahoo.com)
- Credit Suisse Group Lowers Citigroup (C) Price Target to $80.00 (americanbankingnews.com)
- Complete Research Report on Global Retail Banking Market 2023: Key Players Covered – BNP Paribas, Citigroup, HSBC, ICBC, JPMorgan Chase (openpr.com)
C stock opened at $58.35 on Friday. The company has a market capitalization of $154.36 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup has a 12-month low of $58.14 and a 12-month high of $80.70.
Citigroup (NYSE:C) last released its earnings results on Friday, October 12th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. The company had revenue of $18.39 billion during the quarter, compared to analyst estimates of $18.43 billion. Citigroup had a positive return on equity of 9.42% and a negative net margin of 4.81%. During the same period in the prior year, the company posted $1.42 earnings per share. Analysts anticipate that Citigroup will post 6.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.08%. The ex-dividend date was Friday, November 2nd. Citigroup’s dividend payout ratio (DPR) is 33.77%.
C has been the subject of several analyst reports. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Monday, August 27th. Deutsche Bank increased their price objective on Citigroup from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Vining Sparks reissued a “buy” rating and issued a $77.00 price objective on shares of Citigroup in a research note on Tuesday, October 9th. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Tuesday, October 16th. Finally, ValuEngine raised Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $82.36.
COPYRIGHT VIOLATION WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/12/08/citigroup-c-given-media-sentiment-score-of-1-00.html.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
Further Reading: Earnings Per Share
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