Citigroup (NYSE:C) received a $87.00 price objective from equities research analysts at Nomura in a report issued on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Nomura’s price target would indicate a potential upside of 14.01% from the company’s previous close.

A number of other research firms have also commented on C. Keefe, Bruyette & Woods lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $82.00 price objective on the stock. in a research note on Tuesday. Jefferies Group restated a “hold” rating and issued a $83.00 price objective on shares of Citigroup in a research note on Tuesday. Deutsche Bank set a $74.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Co set a $100.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price objective on shares of Citigroup in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and a consensus target price of $79.30.

Shares of Citigroup (NYSE:C) traded down $0.80 during trading hours on Wednesday, reaching $76.31. 7,090,000 shares of the company traded hands, compared to its average volume of 16,630,000. Citigroup has a 12-month low of $55.23 and a 12-month high of $78.44. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $201,760.00, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.23 and a beta of 1.56.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. research analysts anticipate that Citigroup will post 5.25 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in C. Catamount Wealth Management purchased a new stake in Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares in the last quarter. Balentine LLC boosted its holdings in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new stake in Citigroup during the fourth quarter worth about $117,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Citigroup (C) PT Set at $87.00 by Nomura” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/citigroup-c-pt-set-at-87-00-by-nomura/1810777.html.

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.

Analyst Recommendations for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with Analyst Ratings Network's FREE daily email newsletter.