Citigroup (NYSE:C) has been assigned a $80.00 price objective by research analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 4.84% from the company’s previous close.
A number of other analysts have also issued reports on C. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Deutsche Bank reissued a “hold” rating and issued a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Raymond James Financial reissued an “underperform” rating on shares of Citigroup in a research note on Wednesday, September 27th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.30.
Shares of Citigroup (NYSE:C) traded down $0.80 during midday trading on Wednesday, hitting $76.31. The company had a trading volume of 7,090,000 shares, compared to its average volume of 16,630,000. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $201,760.00, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. Citigroup has a 12-month low of $55.23 and a 12-month high of $78.44.
Citigroup (NYSE:C) last announced its quarterly 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 return on equity of 7.48% and a net margin of 18.11%. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. equities research analysts anticipate that Citigroup will post 5.25 earnings per share for the current year.
Several hedge funds have recently modified their holdings of C. Capital Analysts LLC grew its holdings in shares of Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after buying an additional 2,367 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Citigroup by 5.2% during the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after buying an additional 205,298 shares during the last quarter. Bank of Hawaii grew its holdings in shares of Citigroup by 52.2% during the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after buying an additional 2,242 shares during the last quarter. Norinchukin Bank The grew its holdings in shares of Citigroup by 41.0% during the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after buying an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC grew its holdings in shares of Citigroup by 2.8% during the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after buying an additional 5,125 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.
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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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