Citigroup (C) Raised to “Buy” at UBS

UBS upgraded shares of Citigroup (NYSE:C) from a neutral rating to a buy rating in a research report report published on Thursday morning, 247wallst.com reports. They currently have $80.00 target price on the financial services provider’s stock, up from their previous target price of $78.00.

A number of other research firms also recently commented on C. ValuEngine raised Citigroup from a buy rating to a strong-buy rating in a report on Friday, February 9th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $80.00 to $87.00 and gave the stock an outperform rating in a report on Thursday, December 14th. DZ Bank raised Citigroup from a hold rating to a buy rating in a report on Wednesday, February 7th. Nomura set a $87.00 target price on Citigroup and gave the stock a buy rating in a report on Wednesday, January 17th. Finally, Vetr downgraded Citigroup from a sell rating to a strong sell rating and set a $70.80 target price for the company. in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $80.69.

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Citigroup stock opened at $68.60 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a 52 week low of $57.55 and a 52 week high of $80.70. The stock has a market cap of $176,306.52, a P/E ratio of 12.87, a PEG ratio of 0.99 and a beta of 1.56.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.61% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. equities analysts anticipate that Citigroup will post 6.4 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in C. Cambridge Investment Research Advisors Inc. raised its stake in shares of Citigroup by 17.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 96,560 shares of the financial services provider’s stock worth $7,185,000 after buying an additional 14,491 shares during the period. Certified Advisory Corp acquired a new position in shares of Citigroup during the 4th quarter worth approximately $1,393,000. Wagner Wealth Management LLC acquired a new position in shares of Citigroup during the 4th quarter worth approximately $230,000. Xact Kapitalforvaltning AB raised its stake in shares of Citigroup by 6.6% during the 4th quarter. Xact Kapitalforvaltning AB now owns 472,558 shares of the financial services provider’s stock worth $35,163,000 after buying an additional 29,101 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Citigroup by 0.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 429,728 shares of the financial services provider’s stock worth $31,976,000 after buying an additional 2,867 shares during the period. 80.16% of the stock is owned by institutional investors.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

Analyst Recommendations for Citigroup (NYSE:C)

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