Citigroup (NYSE:C – Get Rating) had its price objective decreased by investment analysts at Oppenheimer from $90.00 to $87.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 95.99% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. Piper Sandler assumed coverage on Citigroup in a report on Thursday, December 8th. They issued a “neutral” rating and a $48.00 target price for the company. Morgan Stanley lifted their price objective on shares of Citigroup from $44.00 to $45.00 and gave the company an “underweight” rating in a report on Tuesday, December 6th. Barclays decreased their price target on shares of Citigroup from $64.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday, October 17th. Odeon Capital Group lowered Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Credit Suisse Group set a $54.00 price objective on shares of Citigroup in a research note on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $57.68.
Citigroup Price Performance
Shares of NYSE:C opened at $44.39 on Wednesday. Citigroup has a twelve month low of $40.01 and a twelve month high of $69.11. The stock has a market capitalization of $85.98 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average price is $46.13 and its 200-day moving average price is $47.42.
Citigroup (NYSE:C – Get Rating) last posted its quarterly earnings data on Friday, October 14th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.46 by $0.17. The firm had revenue of $18.51 billion for the quarter, compared to the consensus estimate of $18.28 billion. Citigroup had a return on equity of 9.14% and a net margin of 17.31%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 earnings per share. Equities research analysts expect that Citigroup will post 7.09 EPS for the current year.
Hedge Funds Weigh In On Citigroup
Large investors have recently made changes to their positions in the stock. McClarren Financial Advisors Inc. acquired a new position in shares of Citigroup during the 3rd quarter worth $25,000. Corsicana & Co. lifted its holdings in shares of Citigroup by 314.5% in the second quarter. Corsicana & Co. now owns 659 shares of the company’s stock valued at $30,000 after purchasing an additional 500 shares in the last quarter. DB Wealth Management Group LLC grew its position in shares of Citigroup by 812.3% in the first quarter. DB Wealth Management Group LLC now owns 666 shares of the company’s stock valued at $36,000 after purchasing an additional 593 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Citigroup during the 3rd quarter worth approximately $28,000. Finally, Citizens National Bank Trust Department raised its position in shares of Citigroup by 169.0% during the 2nd quarter. Citizens National Bank Trust Department now owns 780 shares of the company’s stock worth $36,000 after purchasing an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 70.90% of the company’s stock.
Citigroup Company Profile
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).