Citigroup (C) Given Buy Rating at Credit Suisse Group
Credit Suisse Group restated their buy rating on shares of Citigroup (NYSE:C) in a report published on Thursday morning. Credit Suisse Group currently has a $86.00 target price on the financial services provider’s stock.
Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Citigroup from a hold rating to a buy rating in a research note on Thursday, September 21st. Wells Fargo & Co restated a buy rating on shares of Citigroup in a research note on Monday, October 2nd. Royal Bank of Canada reiterated a buy rating and issued a $75.00 target price on shares of Citigroup in a research note on Wednesday, September 27th. Nomura lifted their target price on shares of Citigroup from $80.00 to $81.00 and gave the company a buy rating in a research note on Friday, October 13th. Finally, Vetr upgraded shares of Citigroup from a hold rating to a buy rating and set a $80.92 target price for the company in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $78.02.
Shares of Citigroup (C) traded down $0.10 on Thursday, reaching $75.41. 14,863,313 shares of the company’s stock were exchanged, compared to its average volume of 14,458,982. The company has a market capitalization of $199,384.20, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup has a 1 year low of $55.23 and a 1 year high of $77.92.
Citigroup (NYSE:C) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. analysts expect that Citigroup will post 5.25 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Citigroup by 3.8% in 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 purchasing an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Citigroup by 6.8% in the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after purchasing an additional 2,943,282 shares in the last quarter. Harris Associates L P increased its holdings in shares of Citigroup by 0.5% in 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 purchasing an additional 221,171 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Citigroup by 3.1% in 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 purchasing an additional 1,011,532 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Citigroup by 3.4% in 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 purchasing an additional 817,162 shares in the last quarter. 78.54% 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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