Citigroup (NYSE:C) had its target price increased by investment analysts at Barclays from $83.00 to $86.00 in a report released on Tuesday, The Fly reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 21.43% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Citigroup from $71.00 to $74.00 and gave the company a “market perform” rating in a research note on Tuesday. JPMorgan Chase & Co. initiated coverage on Pinduoduo in a research note on Tuesday, July 9th. They set an “underweight” rating and a $20.48 target price for the company. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Berenberg Bank cut to a “hold” rating and decreased their target price for the company from GBX 283 ($3.70) to GBX 103 ($1.35) in a research note on Monday, June 17th. Finally, Bank of America set a $68.00 price target on Inphi and gave the company a “buy” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $78.90.

Shares of C opened at $70.82 on Tuesday. The firm has a market capitalization of $165.83 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.81 and a beta of 1.74. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a one year low of $48.42 and a one year high of $75.24. The company’s fifty day simple moving average is $68.22.

Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. The company had revenue of $18.76 billion for the quarter, compared to analyst estimates of $18.49 billion. Citigroup had a return on equity of 10.12% and a net margin of 18.24%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. On average, research analysts expect that Citigroup will post 7.5 earnings per share for the current fiscal year.

In other Citigroup news, CEO Stephen Bird sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $69.33, for a total transaction of $2,079,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of Citigroup during the 1st quarter worth about $27,000. Harvest Group Wealth Management LLC purchased a new stake in shares of Citigroup during the 1st quarter worth about $28,000. Farmers National Bank purchased a new stake in shares of Citigroup during the 1st quarter worth about $34,000. Avestar Capital LLC raised its stake in shares of Citigroup by 35.0% in the 1st quarter. Avestar Capital LLC now owns 610 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 158 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of Citigroup by 49.5% in the 1st quarter. Sound Income Strategies LLC now owns 619 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 205 shares in the last quarter. 75.98% of the stock is owned by institutional investors.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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