Q4 2017 EPS Estimates for Citigroup Inc (C) Cut by Jefferies Group
Citigroup Inc (NYSE:C) – Research analysts at Jefferies Group decreased their Q4 2017 EPS estimates for Citigroup in a research report issued on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will earn $1.14 per share for the quarter, down from their previous estimate of $1.24. Jefferies Group has a “Neutral” rating and a $81.00 price objective on the stock. Jefferies Group also issued estimates for Citigroup’s FY2018 earnings at $6.10 EPS.
C has been the topic of several other research reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Raymond James Financial assumed coverage on Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. Morgan Stanley upped their price target on Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $67.00 price target (up previously from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $78.02.
Shares of Citigroup (NYSE:C) opened at $75.65 on Wednesday. Citigroup has a twelve month low of $55.23 and a twelve month high of $77.92. The company has a market capitalization of $200,020.00, a P/E ratio of 14.58, a P/E/G ratio of 1.30 and a beta of 1.56. 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 (NYSE:C) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in C. Janus Henderson Group PLC raised its stake in Citigroup by 227.4% during the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock valued at $700,395,000 after purchasing an additional 6,688,305 shares during the period. Lazard Asset Management LLC raised its stake in Citigroup by 109.5% during the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after purchasing an additional 4,856,866 shares during the period. PointState Capital LP acquired a new stake in Citigroup during the 2nd quarter valued at $321,322,000. Pioneer Investment Management Inc. raised its stake in Citigroup by 2,317.8% during the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after purchasing an additional 4,795,145 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Citigroup by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after purchasing an additional 4,413,329 shares during the period. 78.54% 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.
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