Citigroup Inc. (NYSE:C) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Monday. The firm currently has a $47.03 price target on the financial services provider’s stock. Vetr‘s target price would indicate a potential downside of 3.25% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Jefferies Group boosted their target price on shares of Citigroup from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, October 10th. Credit Agricole SA boosted their target price on shares of Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Nomura dropped their target price on shares of Citigroup from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, September 7th. Goldman Sachs Group Inc. cut shares of Citigroup from a “buy” rating to a “neutral” rating and dropped their target price for the company from $52.00 to $50.00 in a report on Friday, September 16th. Finally, TheStreet upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the stock. Citigroup currently has an average rating of “Buy” and an average target price of $54.76.

Analyst Recommendations for Citigroup (NYSE:C)

Shares of Citigroup (NYSE:C) opened at 48.61 on Monday. Citigroup has a 12-month low of $34.52 and a 12-month high of $56.46. The company’s 50-day moving average is $47.49 and its 200-day moving average is $45.05. The stock has a market cap of $141.23 billion, a P/E ratio of 10.29 and a beta of 1.86.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.08. The business had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.32 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS. On average, equities research analysts anticipate that Citigroup will post $4.61 earnings per share for the current year.

In other news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the transaction, the insider now directly owns 35,042 shares in the company, valued at approximately $1,554,112.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. UMB Bank N A MO increased its stake in shares of Citigroup by 0.5% in the second quarter. UMB Bank N A MO now owns 6,721 shares of the financial services provider’s stock worth $285,000 after buying an additional 36 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Citigroup by 0.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,434 shares of the financial services provider’s stock worth $230,000 after buying an additional 43 shares in the last quarter. Pitcairn Co. increased its stake in shares of Citigroup by 0.5% in the second quarter. Pitcairn Co. now owns 10,299 shares of the financial services provider’s stock worth $437,000 after buying an additional 53 shares in the last quarter. HM Payson & Co. increased its stake in shares of Citigroup by 1.0% in the second quarter. HM Payson & Co. now owns 5,642 shares of the financial services provider’s stock worth $239,000 after buying an additional 57 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. increased its stake in shares of Citigroup by 0.5% in the second quarter. Cannell Peter B & Co. Inc. now owns 14,695 shares of the financial services provider’s stock worth $623,000 after buying an additional 75 shares in the last quarter. Institutional investors own 71.41% of the company’s stock.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s 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.

5 Day Chart for NYSE:C

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