Citigroup (C) PT Set at $87.00 by Nomura
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.
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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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