News headlines about Citigroup (NYSE:C) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Citigroup earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.2271889325988 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- National League of Cities Elects Mayor Mark Stodola as 2018 President (prnewswire.com)
- China Citic, Baidu launch direct bank in fintech push (feeds.reuters.com)
- Presidio, Inc. (PSDO) Prices Secondary Public Offering of Common Stock at $14.25/Share (streetinsider.com)
- 17 Most Segregated Cities in America (feedproxy.google.com)
- Colin Devine Joins Board of Directors of Advantage Insurance Inc. (feeds.benzinga.com)
Several research analysts have commented on C shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $78.50 price objective (up from $77.50) on shares of Citigroup in a research note on Friday, October 6th. BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 price objective on shares of Citigroup in a research note on Friday, October 6th. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 price objective (up from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. Finally, BidaskClub raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Citigroup currently has an average rating of “Buy” and a consensus price target of $75.61.
Shares of Citigroup (NYSE C) traded down $0.34 during trading on Friday, reaching $71.33. 11,786,729 shares of the company’s stock were exchanged, compared to its average volume of 13,527,379. The company has a market capitalization of $188,596.67, a P/E ratio of 13.74, a PEG ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a fifty-two week low of $54.98 and a fifty-two week high of $76.14.
Citigroup (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. equities research analysts predict that Citigroup will post 5.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 6th will be issued a $0.32 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.79%. Citigroup’s dividend payout ratio is presently 24.66%.
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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.
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