Citigroup (NYSE:C)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a report released on Wednesday, The Fly reports. They presently have a $85.00 price target on the financial services provider’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 10.23% from the company’s previous close.

Several other equities analysts also recently weighed in on C. Wells Fargo & Co restated an “outperform” rating and set a $100.00 price target (up from $95.00) on shares of Citigroup in a report on Wednesday. Deutsche Bank set a $74.00 price target on Citigroup and gave the company a “neutral” rating in a report on Wednesday. Jefferies Group restated a “hold” rating and set a $83.00 price target on shares of Citigroup in a report on Tuesday. Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “hold” rating and set a $82.00 price target for the company. in a report on Tuesday. Finally, Raymond James Financial restated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $78.67.

Citigroup (C) opened at $77.11 on Wednesday. Citigroup has a twelve month low of $55.23 and a twelve month high of $78.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $203,880.00, a price-to-earnings ratio of 14.86, a PEG ratio of 1.23 and a beta of 1.56.

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

Several institutional investors have recently added to or reduced their stakes in C. Pennsylvania Trust Co boosted its position in Citigroup by 765.3% in the second quarter. Pennsylvania Trust Co now owns 100,824 shares of the financial services provider’s stock worth $6,743,000 after purchasing an additional 89,172 shares during the last quarter. Bank of The West boosted its position in Citigroup by 1.0% in the second quarter. Bank of The West now owns 77,833 shares of the financial services provider’s stock worth $5,206,000 after purchasing an additional 798 shares during the last quarter. Kempner Capital Management Inc. boosted its position in Citigroup by 1.7% in the second quarter. Kempner Capital Management Inc. now owns 111,530 shares of the financial services provider’s stock worth $7,459,000 after purchasing an additional 1,854 shares during the last quarter. Virtu Financial LLC purchased a new position in Citigroup in the second quarter worth about $919,000. Finally, Swedbank boosted its position in Citigroup by 17.6% in the second quarter. Swedbank now owns 2,127,262 shares of the financial services provider’s stock worth $142,271,000 after purchasing an additional 318,777 shares during the last quarter. 78.53% of the stock is currently owned by 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.

The Fly

Analyst Recommendations for Citigroup (NYSE:C)

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