Citigroup (C) Upgraded by ValuEngine to Strong-Buy

ValuEngine upgraded shares of Citigroup (NYSE:C) from a buy rating to a strong-buy rating in a research note published on Friday morning.

Other analysts also recently issued reports about the stock. Jefferies Group set a $81.00 target price on shares of Citigroup and gave the company a neutral rating in a research note on Thursday, October 12th. BMO Capital Markets boosted their target price on shares of Citigroup from $65.00 to $67.00 and gave the company a market perform rating in a research note on Friday, October 13th. Royal Bank of Canada boosted their target price on shares of Citigroup from $75.00 to $79.00 and gave the company an outperform rating in a research note on Friday, October 13th. Morgan Stanley boosted their target price on shares of Citigroup from $73.00 to $79.00 and gave the company an overweight rating in a research note on Friday, October 13th. Finally, Nomura boosted their target price on shares of Citigroup from $80.00 to $81.00 and gave the company a buy rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $79.44.

Shares of Citigroup (C) opened at $73.68 on Friday. Citigroup has a 52-week low of $56.55 and a 52-week high of $80.70. The company has a market capitalization of $189,357.58, a price-to-earnings ratio of 13.82, a PEG ratio of 1.07 and a beta of 1.54. 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 (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts forecast that Citigroup will post 6.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.

Several hedge funds and other institutional investors have recently bought and sold shares of C. Beach Investment Management LLC. increased its position in Citigroup by 895.5% during the second quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock worth $23,382,000 after buying an additional 314,494 shares during the last quarter. Marshall Wace LLP increased its position in Citigroup by 186.3% during the second quarter. Marshall Wace LLP now owns 792,420 shares of the financial services provider’s stock worth $53,092,000 after buying an additional 515,600 shares during the last quarter. Wayne Hummer Investments L.L.C. increased its position in Citigroup by 1.9% during the second quarter. Wayne Hummer Investments L.L.C. now owns 18,340 shares of the financial services provider’s stock worth $1,227,000 after buying an additional 346 shares during the last quarter. iAB Financial Bank increased its position in Citigroup by 35.0% during the second quarter. iAB Financial Bank now owns 8,300 shares of the financial services provider’s stock worth $555,000 after buying an additional 2,150 shares during the last quarter. Finally, Boston Private Wealth LLC increased its position in Citigroup by 8.8% during the second quarter. Boston Private Wealth LLC now owns 246,955 shares of the financial services provider’s stock worth $16,517,000 after buying an additional 20,037 shares during the last quarter. 80.71% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Citigroup (NYSE:C)

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