Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Citigroup (NYSE:C) Stock

Citigroup (NYSE:C) had its price target upped by analysts at Keefe, Bruyette & Woods from $82.00 to $85.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 19.72% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Citigroup from $72.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America upped their price objective on Citigroup from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley reduced their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Barclays upped their price target on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer lifted their price objective on Citigroup from $91.00 to $107.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.64.

Citigroup Stock Up 1.5 %

C opened at $71.00 on Friday. The business’s fifty day simple moving average is $69.33 and its 200 day simple moving average is $64.63. Citigroup has a 52 week low of $50.51 and a 52 week high of $73.38. The firm has a market cap of $134.28 billion, a P/E ratio of 20.58, a PEG ratio of 0.80 and a beta of 1.45. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, equities research analysts anticipate that Citigroup will post 5.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Citigroup

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in Citigroup in the third quarter worth about $31,000. Northwest Investment Counselors LLC bought a new position in Citigroup during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. increased its holdings in shares of Citigroup by 184.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 368 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after acquiring an additional 260 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Company Profile

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.