Citigroup (C) Stock Rating Reaffirmed by Credit Suisse Group
Citigroup (NYSE:C)‘s stock had its “buy” rating reaffirmed by equities research analysts at Credit Suisse Group in a note issued to investors on Tuesday. They currently have a $83.00 price target on the financial services provider’s stock. Credit Suisse Group’s target price points to a potential upside of 9.43% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Nomura raised their price objective on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. Societe Generale raised shares of Citigroup from a “sell” rating to a “hold” rating and raised their price objective for the company from $63.00 to $70.00 in a research report on Monday, September 11th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Jefferies Group set a $81.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and a consensus target price of $75.97.
Citigroup (C) opened at $75.85 on Tuesday. The firm has a market cap of $200,180.00, a P/E ratio of 14.59, a P/E/G ratio of 1.48 and a beta of 1.55. 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 52-week low of $55.23 and a 52-week high of $77.92.
Citigroup (NYSE:C) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The firm had revenue of $18.17 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share. equities analysts expect that Citigroup will post 5.31 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Citigroup in the second quarter worth $1,034,000. Catamount Wealth Management acquired a new stake in shares of Citigroup in the second quarter worth $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake 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 stake 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. Finally, Acrospire Investment Management LLC boosted its stake 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. Institutional investors and hedge funds own 78.59% of the company’s stock.
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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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