Citigroup (NYSE:C) Price Target Cut to $86.00

Citigroup (NYSE:C) had its target price dropped by equities researchers at Oppenheimer from $87.00 to $86.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 40.18% from the company’s current price.

Several other equities research analysts have also commented on C. BMO Capital Markets lowered shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target on the stock. in a report on Wednesday, January 10th. Piper Sandler upped their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. HSBC upped 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. Jefferies Financial Group upped their price objective on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.85.

Citigroup Price Performance

Shares of C opened at $61.35 on Tuesday. The firm has a market capitalization of $117.50 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. Citigroup has a 1-year low of $38.17 and a 1-year high of $63.90. The company’s fifty day moving average price is $59.48 and its 200-day moving average price is $52.41.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Citigroup will post 5.97 EPS for the current year.

Institutional Trading of Citigroup

A number of hedge funds have recently bought and sold shares of C. Main Street Research LLC purchased a new stake in shares of Citigroup in the 1st quarter valued at approximately $541,000. Valley Brook Capital Group Inc. purchased a new stake in shares of Citigroup in the 1st quarter valued at approximately $220,000. Allen Wealth Management LLC grew its stake in shares of Citigroup by 1.3% in the 1st quarter. Allen Wealth Management LLC now owns 26,643 shares of the company’s stock valued at $1,685,000 after buying an additional 342 shares during the period. PDS Planning Inc grew its stake in shares of Citigroup by 18.5% in the 1st quarter. PDS Planning Inc now owns 5,327 shares of the company’s stock valued at $337,000 after buying an additional 831 shares during the period. Finally, GLOBALT Investments LLC GA grew its stake in shares of Citigroup by 595.9% in the 1st quarter. GLOBALT Investments LLC GA now owns 75,259 shares of the company’s stock valued at $4,759,000 after buying an additional 64,444 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

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.