Citigroup (NYSE:C) Stock Rating Upgraded by Keefe, Bruyette & Woods

Citigroup (NYSE:C) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a $82.00 price objective on the stock, up from their prior price objective of $70.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 14.86% from the stock’s current price.

C has been the topic of a number of other reports. The Goldman Sachs Group decreased their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Bank of America lifted their price target on Citigroup from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI upped their price target on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Oppenheimer boosted their price target on Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $74.56.

Citigroup Trading Up 0.7 %

NYSE:C opened at $71.39 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The business has a fifty day moving average price of $65.30 and a 200-day moving average price of $63.08. The firm has a market capitalization of $135.02 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.45. Citigroup has a one year low of $46.40 and a one year high of $71.64.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter last year, the business posted $1.52 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts forecast that Citigroup will post 5.85 EPS for the current year.

Institutional Investors Weigh In On Citigroup

A number of institutional investors and hedge funds have recently modified their holdings of C. POM Investment Strategies LLC bought a new stake in shares of Citigroup during the second quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the 3rd quarter worth $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the second quarter valued at $31,000. Legacy Investment Solutions LLC purchased a new stake in Citigroup in the third quarter worth about $31,000. Finally, Triad Wealth Partners LLC bought a new position in Citigroup during the 2nd quarter worth about $32,000. 71.72% of the stock is owned by institutional investors.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.