Citigroup (C) Given New $75.00 Price Target at BMO Capital Markets

Citigroup (NYSE:C) had its target price boosted by equities researchers at BMO Capital Markets to $75.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective suggests a potential downside of 2.01% from the company’s current price. The analysts noted that the move was a valuation call.

C has been the subject of a number of other reports. BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Atlantic Securities reissued an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Deutsche Bank reissued a “hold” rating and set a $67.00 target price (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Raymond James Financial reiterated an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Citigroup in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and a consensus target price of $79.07.

Shares of Citigroup (C) opened at $76.54 on Wednesday. Citigroup has a one year low of $55.23 and a one year high of $78.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $202,370.00, a price-to-earnings ratio of 14.75, a PEG ratio of 1.23 and a beta of 1.56.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. research analysts predict that Citigroup will post 5.25 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC increased its position in shares of Citigroup by 227.4% during the third quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after acquiring an additional 6,688,305 shares during the period. Lazard Asset Management LLC increased its position in shares of Citigroup by 109.5% during the second quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock worth $621,497,000 after acquiring an additional 4,856,866 shares during the period. PointState Capital LP purchased a new position in Citigroup during the second quarter valued at approximately $321,322,000. Pioneer Investment Management Inc. increased its holdings in Citigroup by 2,317.8% during the second quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after buying an additional 4,795,145 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Citigroup by 42.4% during the second quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after buying an additional 4,413,329 shares during the period. Institutional investors and hedge funds own 78.53% of the company’s stock.

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Citigroup Company Profile

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.

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