Citigroup (C) PT Raised to $64.00 at Jefferies Financial Group

Citigroup (NYSE:C) had its target price lifted by equities research analysts at Jefferies Financial Group to $64.00 in a research note issued on Tuesday, The Fly reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 2.91% from the company’s previous close.

C has been the subject of several other reports. Barclays reduced their target price on Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. Wells Fargo & Co downgraded Citigroup to a “buy” rating in a research note on Friday, January 4th. Zacks Investment Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. Credit Suisse Group reduced their target price on Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Finally, Standpoint Research upgraded Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price target for the company in a research note on Wednesday, December 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $77.04.

Shares of NYSE C opened at $62.19 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.30. Citigroup has a 12 month low of $48.42 and a 12 month high of $80.70. The company has a market cap of $157.75 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 0.71 and a beta of 1.56.

Citigroup (NYSE:C) last issued its earnings results on Monday, January 14th. The financial services provider reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.06. Citigroup had a return on equity of 9.93% and a net margin of 18.58%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $17.57 billion. During the same period in the previous year, the company posted $1.28 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, research analysts expect that Citigroup will post 7.41 EPS for the current year.

Several large investors have recently added to or reduced their stakes in C. Csenge Advisory Group acquired a new position in shares of Citigroup during the 3rd quarter worth $104,000. Arlington Partners LLC acquired a new position in Citigroup in the 3rd quarter worth about $143,000. Almanack Investment Partners LLC. acquired a new position in Citigroup in the 3rd quarter worth about $150,000. Peoples Financial Services CORP. increased its holdings in Citigroup by 82.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 2,208 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. acquired a new position in Citigroup in the 4th quarter worth about $116,000. Hedge funds and other institutional investors own 72.68% of the company’s stock.

Citigroup Company Profile

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.

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