TheStreet Downgrades Citigroup (NYSE:C) to C+

Citigroup (NYSE:C – Get Rating) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Tuesday, TheStreetRatingsTable reports.

C has been the topic of a number of other research reports. Piper Sandler dropped their target price on Citigroup from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 5th. BMO Capital Markets cut their price objective on shares of Citigroup from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, April 18th. Wells Fargo & Company decreased their target price on shares of Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, March 14th. StockNews.com assumed coverage on shares of Citigroup in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Atlantic Securities cut Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Thursday, March 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.87.

C opened at $47.20 on Tuesday. The firm’s fifty day moving average is $50.22 and its two-hundred day moving average is $56.95. The firm has a market cap of $93.50 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.60. Citigroup has a twelve month low of $45.40 and a twelve month high of $74.64. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.92.

Citigroup (NYSE:C – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.28. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. The company had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.12 billion. During the same quarter last year, the firm posted $3.62 earnings per share. Citigroup’s revenue was down 2.6% compared to the same quarter last year. Equities analysts forecast that Citigroup will post 6.93 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Poehling Capital Management LLC raised its position in Citigroup by 8.6% during the fourth quarter. Poehling Capital Management LLC now owns 60,638 shares of the company’s stock valued at $3,662,000 after purchasing an additional 4,817 shares in the last quarter. Griffin Asset Management Inc. raised its holdings in shares of Citigroup by 48.3% during the 4th quarter. Griffin Asset Management Inc. now owns 5,607 shares of the company’s stock worth $339,000 after buying an additional 1,827 shares in the last quarter. Acropolis Investment Management LLC bought a new stake in shares of Citigroup during the 1st quarter worth $122,000. Miracle Mile Advisors LLC boosted its stake in Citigroup by 9.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 23,865 shares of the company’s stock valued at $1,441,000 after buying an additional 2,077 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in Citigroup by 111.7% in the fourth quarter. AdvisorNet Financial Inc now owns 20,393 shares of the company’s stock valued at $1,232,000 after acquiring an additional 10,759 shares during the last quarter. 74.91% of the stock is owned by institutional investors and hedge funds.

About Citigroup (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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