Citigroup (NYSE:C) Price Target Cut to $82.00 by Analysts at Morgan Stanley

Citigroup (NYSE:C) had its price objective cut by Morgan Stanley from $86.00 to $82.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

C has been the subject of a number of other research reports. Argus upped their price objective on shares of Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. BMO Capital Markets upped their price target on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Oppenheimer dropped their price objective on Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Evercore ISI lifted their target price on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.06.

Citigroup Stock Up 2.6 %

C stock opened at $64.26 on Wednesday. The company has a 50 day moving average price of $61.13 and a two-hundred day moving average price of $61.91. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $122.56 billion, a P/E ratio of 18.00, a PEG ratio of 0.74 and a beta of 1.44. Citigroup has a one year low of $38.17 and a one year high of $67.81.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business 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 business earned $1.52 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts expect that Citigroup will post 5.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup in the second quarter worth about $25,000. Beacon Capital Management LLC raised its position in shares of Citigroup by 85.5% in the 1st quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after purchasing an additional 212 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Citigroup during the 2nd quarter valued at approximately $31,000. Triad Wealth Partners LLC acquired a new stake in shares of Citigroup during the second quarter worth approximately $32,000. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Citigroup by 93.2% in the second quarter. Capital Advisors Ltd. LLC now owns 572 shares of the company’s stock worth $36,000 after buying an additional 276 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

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.