Citigroup (C) Raised to Buy at Vetr

Citigroup (NYSE:C) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage currently has a $80.92 target price on the financial services provider’s stock. Vetr‘s price target would suggest a potential upside of 4.95% from the stock’s previous close.

C has been the topic of several other research reports. Wells Fargo & Company assumed coverage on shares of Citigroup in a report on Wednesday, August 9th. They set an “outperform” rating and a $90.00 price objective on the stock. Raymond James Financial started coverage on shares of Citigroup in a report on Tuesday, October 31st. They set a “hold” rating on the stock. set a $74.00 target price on shares of Citigroup and gave the company a “hold” rating in a report on Friday, August 11th. Morgan Stanley increased their target price on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, BidaskClub upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Citigroup presently has an average rating of “Buy” and an average price target of $75.83.

Citigroup (C) traded up $1.59 on Monday, reaching $77.10. 23,126,984 shares of the company’s stock traded hands, compared to its average volume of 16,894,850. 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 has a 1 year low of $55.23 and a 1 year high of $77.92. The firm has a market capitalization of $204,170.00, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.

Citigroup (NYSE:C) last released its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion for the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. analysts forecast that Citigroup will post 5.31 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of C. Catamount Wealth Management purchased a new stake in Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Patten Group Inc. increased its holdings in Citigroup by 6.6% during the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the last quarter. Balentine LLC increased its holdings in Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its holdings in Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 78.59% 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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