Citigroup (C) Stock Rating Reaffirmed by Jefferies Group

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.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.36% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts forecast that Citigroup will post 6.16 EPS for the current year.

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.

COPYRIGHT VIOLATION NOTICE: “Citigroup (C) Stock Rating Reaffirmed by Jefferies Group” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://stocknewstimes.com/2018/01/18/citigroup-c-stock-rating-reaffirmed-by-jefferies-group.html.

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.

Analyst Recommendations for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply