Citigroup (C) Stock Rating Reaffirmed by Credit Suisse Group

Citigroup (NYSE:C)‘s stock had its “buy” rating reaffirmed by analysts at Credit Suisse Group in a report released on Thursday. They currently have a $86.00 target price on the financial services provider’s stock. Credit Suisse Group’s price objective suggests a potential upside of 14.04% from the stock’s current price.

Other research analysts have also recently issued reports about the company. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Wells Fargo & Co restated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating and issued a $75.00 price objective on shares of Citigroup in a research note on Wednesday, September 27th. Nomura raised their price objective on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective for the company in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $78.02.

Citigroup (NYSE C) opened at $75.41 on Thursday. Citigroup has a 12 month low of $55.23 and a 12 month high of $77.92. The stock has a market capitalization of $199,380.00, a PE ratio of 14.53, a PEG ratio of 1.29 and a beta of 1.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.

Citigroup (NYSE:C) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The firm had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts anticipate that Citigroup will post 5.28 EPS for the current year.

A number of institutional investors have recently bought and sold shares of C. Capital Analysts LLC grew its holdings in Citigroup by 5.4% in the second quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after purchasing an additional 2,367 shares during the period. Principal Financial Group Inc. grew its holdings in Citigroup by 5.2% in the second quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after purchasing an additional 205,298 shares during the period. Bank of Hawaii grew its holdings in Citigroup by 52.2% in the second quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,242 shares during the period. Norinchukin Bank The grew its holdings in Citigroup by 41.0% in the second quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after purchasing an additional 39,898 shares during the period. Finally, Advisors Capital Management LLC grew its holdings in Citigroup by 2.8% in the third quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after purchasing an additional 5,125 shares during the period. 78.54% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Citigroup (NYSE:C)

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