Citigroup (NYSE:C) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Several other research analysts have also commented on C. Raymond James Financial began coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Morgan Stanley boosted their price target on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Jefferies Group set a $81.00 price target on Citigroup and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Nomura boosted their price target on Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $83.00 price target on shares of Citigroup in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $79.44.

Shares of Citigroup (NYSE C) opened at $73.68 on Friday. Citigroup has a 1-year low of $56.55 and a 1-year high of $80.70. The firm has a market capitalization of $194,810.00, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.04 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the business earned $1.14 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts predict that Citigroup will post 6.4 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Citigroup in the second quarter valued at about $1,034,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares during the period. Sawyer & Company Inc acquired a new position in shares of Citigroup in the fourth quarter valued at about $117,000. Baldwin Brothers Inc. MA increased its holdings in shares of Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 750 shares during the period. Finally, Balentine LLC increased its holdings in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares during the period. 80.94% of the stock is currently owned by institutional investors.

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About Citigroup

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Citigroup (NYSE:C)

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