Citigroup Inc (NYSE:C) has been given an average rating of “Buy” by the twenty-eight ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $80.11.

C has been the topic of a number of recent research reports. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. DZ Bank raised Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Nomura set a $87.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr lowered Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective on the stock. in a research note on Monday, January 29th.

Shares of Citigroup (NYSE:C) traded up $1.54 during trading hours on Friday, hitting $76.72. The stock had a trading volume of 12,694,595 shares, compared to its average volume of 17,287,867. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $201,950.00, a price-to-earnings ratio of 13.81, a PEG ratio of 1.09 and a beta of 1.54. Citigroup has a 12-month low of $56.55 and a 12-month high of $80.70.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. analysts forecast that Citigroup will post 6.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. Citigroup’s dividend payout ratio is presently 23.06%.

Hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its position in shares of Citigroup by 227.4% during the 3rd 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 in the last quarter. Lazard Asset Management LLC boosted its position in shares of Citigroup by 109.5% during the 2nd 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 in the last quarter. PointState Capital LP acquired a new position in shares of Citigroup during the 2nd quarter worth about $321,322,000. The Manufacturers Life Insurance Company boosted its position in shares of Citigroup by 42.4% in the 2nd 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 purchasing an additional 4,413,329 shares during the period. Finally, FMR LLC boosted its position in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after purchasing an additional 4,061,637 shares during the period. Hedge funds and other institutional investors own 80.71% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2018/02/14/citigroup-inc-c-receives-79-91-consensus-target-price-from-analysts.html.

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.

Analyst Recommendations for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.