Investment Analysts’ Weekly Ratings Updates for Citigroup (C)

Several brokerages have updated their recommendations and price targets on shares of Citigroup (NYSE: C) in the last few weeks:

  • 8/9/2017 – Citigroup is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $90.00 price target on the stock.
  • 8/3/2017 – Citigroup was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $76.34 price target on the stock.
  • 8/2/2017 – Citigroup was given a new $73.50 price target on by analysts at J P Morgan Chase & Co. They now have a “buy” rating on the stock.
  • 7/31/2017 – Citigroup was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $65.00 price target on the stock, down previously from $67.43. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/31/2017 – Citigroup was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $76.22 price target on the stock.
  • 7/26/2017 – Citigroup had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $76.00 price target on the stock, up previously from $70.00.
  • 7/17/2017 – Citigroup had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $72.00 price target on the stock, up previously from $64.00.
  • 7/17/2017 – Citigroup had its price target raised by analysts at Nomura from $74.00 to $78.00. They now have a “buy” rating on the stock.
  • 7/14/2017 – Citigroup had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $75.00 price target on the stock.
  • 7/12/2017 – Citigroup was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/11/2017 – Citigroup is now covered by analysts at HSBC Holdings plc. They set a “hold” rating and a $71.00 price target on the stock.
  • 7/10/2017 – Citigroup had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $81.00 price target on the stock, up previously from $70.00.
  • 7/7/2017 – Citigroup was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Citigroup’s shares outperformed the Zacks categorized Major Regional Banks industry over the last six months. We believe that the company’s restructuring and streamlining efforts, strategic investments in core business and expense management, should support profitability, going forward. Recent Fed's approval to the company's 2017 capital plan also remain encouraging. Moreover, recently approved the Financial Choice Act will act as a tailwind for the company in coming quarters. However, several issues including litigation burden keep us apprehensive. Moreover, inspite of rising rates, margin is under pressure.”
  • 7/7/2017 – Citigroup had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $68.00 price target on the stock.
  • 7/6/2017 – Citigroup was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $76.22 price target on the stock.
  • 7/3/2017 – Citigroup was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $73.42 price target on the stock.
  • 7/3/2017 – Citigroup had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/30/2017 – Citigroup was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/26/2017 – Citigroup was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $73.42 price target on the stock.
  • 6/24/2017 – Citigroup was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/19/2017 – Citigroup was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Citigroup’s shares outperformed the Zacks categorized Major Regional Banks industry year-to-date. We believe that the company’s restructuring and streamlining efforts, strategic investments in core business and expense management, should support profitability, going forward. Recently, the firm has entered into an agreement to vend its Fixed Income Analytics and Index Businesses to London Stock Exchange Group plc. to focus on core operations. Moreover, recently approved the Financial Choice Act to eradicate a number of core financial regulations will act as a tailwind for the company in coming quarters. However, several issues including litigation burden keep us apprehensive. Moreover, inspite of rising rates, margin is under pressure.”
  • 6/14/2017 – Citigroup was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/13/2017 – Citigroup had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $68.00 price target on the stock, up previously from $64.00.
  • 6/12/2017 – Citigroup was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $70.90 price target on the stock.
  • 6/12/2017 – Citigroup had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods.

Shares of Citigroup Inc. (C) traded down 1.77% on Thursday, reaching $67.22. 19,137,709 shares of the company’s stock traded hands. Citigroup Inc. has a 52-week low of $45.16 and a 52-week high of $69.86. The firm’s 50-day moving average is $67.03 and its 200-day moving average is $61.79. The stock has a market cap of $183.14 billion, a price-to-earnings ratio of 13.46 and a beta of 1.48.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.07. The firm had revenue of $17.90 billion during the quarter, compared to analysts’ expectations of $17.38 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 earnings per share. Analysts anticipate that Citigroup Inc. will post $5.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, August 7th will be paid a $0.32 dividend. The ex-dividend date is Thursday, August 3rd. This is a boost from Citigroup’s previous quarterly dividend of $0.16. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.90%. Citigroup’s dividend payout ratio is 25.55%.

In other news, insider Jeffrey R. Walsh sold 5,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $68.97, for a total value of $344,850.00. Following the completion of the sale, the insider now directly owns 56,394 shares of the company’s stock, valued at $3,889,494.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.

Receive News & Ratings for Citigroup Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.