Citigroup (C) Given a $100.00 Price Target by Wells Fargo & Co Analysts

Wells Fargo & Co set a $100.00 price target on Citigroup (NYSE:C) in a report published on Wednesday. The firm currently has a buy rating on the financial services provider’s stock.

Several other brokerages have also issued reports on C. Keefe, Bruyette & Woods lowered shares of Citigroup from an outperform rating to a market perform rating and decreased their price target for the stock from $90.00 to $82.00 in a research note on Tuesday, January 16th. Jefferies Group restated a hold rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, January 16th. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the stock a neutral rating in a research note on Wednesday. Vetr upgraded shares of Citigroup from a hold rating to a buy rating and set a $80.92 price target for the company in a research note on Monday, December 4th. Finally, Credit Suisse Group restated a buy rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $79.30.

Shares of Citigroup (NYSE C) traded up $0.91 during mid-day trading on Wednesday, hitting $78.30. 17,728,961 shares of the stock traded hands, compared to its average volume of 12,630,125. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a 12 month low of $55.23 and a 12 month high of $78.44. The stock has a market cap of $201,231.02, a price-to-earnings ratio of -25.26, a P/E/G ratio of 1.49 and a beta of 1.56.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the business posted $1.14 EPS. Citigroup’s quarterly revenue was up 1.4% compared to the same quarter last year. equities research analysts anticipate that Citigroup will post 6.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is -41.29%.

Large investors have recently made changes to their positions in the business. Leisure Capital Management lifted its holdings in shares of Citigroup by 1.6% during the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares during the last quarter. Halbert Hargrove Russell LLC lifted its holdings in shares of Citigroup by 1.6% during the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 74 shares during the last quarter. Usca Ria LLC lifted its holdings in shares of Citigroup by 0.3% during the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after acquiring an additional 90 shares during the last quarter. Davis R M Inc. lifted its holdings in shares of Citigroup by 2.2% during the 2nd quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 92 shares during the last quarter. Finally, Hartland & Co. LLC lifted its holdings in shares of Citigroup by 1.2% during the 2nd quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 97 shares during the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Citigroup (C) Given a $100.00 Price Target by Wells Fargo & Co Analysts” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/21/citigroup-c-given-a-100-00-price-target-by-wells-fargo-co-analysts.html.

About Citigroup

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit