Citigroup (NYSE:C) Price Target Raised to $95.00

Citigroup (NYSE:C) had its price objective upped by analysts at Bank of America from $90.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price would suggest a potential upside of 28.41% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Evercore ISI lifted their price target on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. Oppenheimer decreased their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $70.00 to $95.00 in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Stock Performance

NYSE:C traded up $1.24 during midday trading on Tuesday, reaching $73.98. 8,049,390 shares of the company traded hands, compared to its average volume of 12,065,828. Citigroup has a twelve month low of $50.51 and a twelve month high of $74.21. 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 company has a fifty day moving average price of $69.50 and a 200 day moving average price of $64.74. The firm has a market capitalization of $139.92 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Citigroup will post 5.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Citigroup

A number of institutional investors have recently bought and sold shares of the stock. Lifestyle Asset Management Inc. lifted its holdings in shares of Citigroup by 4.5% in the third quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after purchasing an additional 160 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Citigroup by 7.1% during the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after acquiring an additional 170 shares during the last quarter. MWA Asset Management grew its holdings in Citigroup by 1.4% during the third quarter. MWA Asset Management now owns 12,585 shares of the company’s stock valued at $788,000 after purchasing an additional 173 shares during the last quarter. Bridge Creek Capital Management LLC lifted its stake in shares of Citigroup by 0.3% in the third quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company’s stock worth $4,209,000 after buying an additional 175 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Citigroup by 9.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock worth $128,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Company Profile

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.