Citigroup (NYSE:C) had its price target boosted by Jefferies Financial Group from $75.00 to $85.00 in a research report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 17.52% from the stock’s previous close.
Several other analysts have also recently issued reports on C. Credit Suisse Group upped their target price on shares of Citigroup from $65.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, December 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Citigroup from $58.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, March 24th. Morgan Stanley increased their price objective on shares of Citigroup from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Monday, March 8th. Berenberg Bank downgraded shares of Citigroup from a “buy” rating to a “hold” rating and raised their target price for the company from $55.00 to $70.00 in a research note on Thursday, January 21st. Finally, Zacks Investment Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating and set a $70.00 price target for the company in a report on Wednesday, December 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $73.20.
Shares of C opened at $72.33 on Friday. Citigroup has a 1-year low of $38.76 and a 1-year high of $76.13. The firm has a fifty day simple moving average of $70.85 and a two-hundred day simple moving average of $58.32. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.50. The firm has a market cap of $150.93 billion, a PE ratio of 14.38, a P/E/G ratio of 1.25 and a beta of 1.95.
Citigroup (NYSE:C) last issued its earnings results on Thursday, January 14th. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.74. The company had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.71 billion. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. Citigroup’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 EPS. As a group, research analysts forecast that Citigroup will post 6.42 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Polar Capital LLP boosted its position in shares of Citigroup by 19.0% in the third quarter. Polar Capital LLP now owns 489,347 shares of the company’s stock worth $21,096,000 after acquiring an additional 78,253 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Citigroup by 24.8% in the third quarter. Great West Life Assurance Co. Can now owns 1,701,698 shares of the company’s stock valued at $73,316,000 after buying an additional 338,228 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in Citigroup by 60.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 454,272 shares of the company’s stock valued at $19,584,000 after buying an additional 171,375 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in Citigroup by 1.2% in the third quarter. Worldquant Millennium Advisors LLC now owns 290,360 shares of the company’s stock valued at $12,517,000 after buying an additional 3,495 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Citigroup by 1.8% in the third quarter. Public Employees Retirement System of Ohio now owns 1,167,586 shares of the company’s stock valued at $50,335,000 after buying an additional 20,365 shares during the period. 72.99% of the stock is currently owned by hedge funds and other institutional investors.
About Citigroup
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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