Citigroup (NYSE:C)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group in a research note issued on Tuesday. They presently have a $83.00 price objective on the financial services provider’s stock. Jefferies Group’s target price would indicate a potential upside of 7.14% from the company’s current price. Jefferies Group also issued estimates for Citigroup’s Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.61 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $6.20 EPS and FY2019 earnings at $7.30 EPS.
A number of other equities analysts also recently commented on the company. Raymond James Financial started coverage on Citigroup in a research report on Tuesday, October 31st. They set a “hold” rating for the company. Morgan Stanley boosted their price objective on Citigroup from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Nomura boosted their price objective on Citigroup to $84.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. BMO Capital Markets boosted their price objective on Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. Finally, Vetr raised Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective for the company in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $79.30.
Shares of Citigroup (NYSE:C) traded up $0.36 during trading on Tuesday, hitting $77.47. The stock had a trading volume of 20,958,300 shares, compared to its average volume of 16,783,809. Citigroup has a 1-year low of $55.23 and a 1-year high of $78.44. The firm has a market capitalization of $204,670.00, a P/E ratio of -26.81, a PEG ratio of 1.23 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01.
Institutional investors have recently added to or reduced their stakes in the company. Catamount Wealth Management acquired a new stake in Citigroup in the second quarter valued at $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in 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 last quarter. Balentine LLC grew its holdings in 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 last quarter. Acrospire Investment Management LLC grew its holdings in Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new stake in Citigroup in the fourth quarter valued at $117,000. Institutional investors and hedge funds own 78.53% of the company’s stock.
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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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