Nomura Boosts Citigroup (C) Price Target to $84.00
Citigroup (NYSE:C) had its price objective lifted by investment analysts at Nomura to $84.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the financial services provider’s stock. Nomura’s target price indicates a potential upside of 10.58% from the stock’s current price.
Several other analysts also recently issued reports on the stock. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 price target on shares of Citigroup in a report on Wednesday, September 13th. Raymond James Financial began coverage on shares of Citigroup in a report on Tuesday, October 31st. They issued a “hold” rating on the stock. Morgan Stanley upped their price target on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Jefferies Group set a $81.00 price target on shares of Citigroup and gave the company a “neutral” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $75.97.
Shares of Citigroup (C) traded up $0.25 on Monday, reaching $75.96. 714,970 shares of the company’s stock traded hands, compared to its average volume of 16,881,119. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup has a one year low of $55.23 and a one year high of $77.92. The firm has a market capitalization of $200,180.00, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.48 and a beta of 1.55.
Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The company had revenue of $18.17 billion for the quarter, compared to analyst estimates of $17.87 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts predict that Citigroup will post 5.31 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Capital Analysts LLC raised its stake in Citigroup by 5.4% during the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock worth $3,066,000 after purchasing an additional 2,367 shares during the period. Principal Financial Group Inc. increased its position in shares of Citigroup by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock worth $277,705,000 after acquiring an additional 205,298 shares in the last quarter. BlackRock Inc. increased its position in shares of Citigroup by 2,718.7% in the first quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Amalgamated Bank increased its position in shares of Citigroup by 1.0% in the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock worth $11,674,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Bank of Hawaii increased its position in shares of Citigroup by 52.2% in the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 2,242 shares in the last quarter. 78.59% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.