Citigroup Inc. (NYSE:C – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday after Evercore ISI raised their price target on the stock from $60.00 to $62.00. Evercore ISI currently has an in-line rating on the stock. Citigroup traded as high as $65.02 and last traded at $64.70, with a volume of 1310087 shares trading hands. The stock had previously closed at $64.68.
A number of other equities analysts also recently commented on C. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. HSBC lifted their price objective on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Royal Bank of Canada increased their target price on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Finally, Oppenheimer decreased their price target on Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.16.
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Citigroup Stock Performance
The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $122.95 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 0.97 and a beta of 1.46. The company has a 50-day moving average price of $62.19 and a 200-day moving average price of $58.23.
Citigroup (NYSE:C – Get Free Report) last released its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.29 by $0.29. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. Citigroup’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.86 EPS. As a group, equities research analysts forecast that Citigroup Inc. will post 5.85 earnings per share for the current year.
About Citigroup
Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.
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