Citigroup (NYSE:C) had its target price increased by JPMorgan Chase & Co. from $75.00 to $77.00 in a report issued on Tuesday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 7.53% from the stock’s previous close.

A number of other brokerages have also recently issued reports on C. Odeon Capital Group started coverage on Citigroup in a research note on Wednesday, March 27th. They set a “hold” rating on the stock. Goldman Sachs Group upgraded UCB S A/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 30th. 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. Bank of America set a $77.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Wells Fargo & Co set a $90.00 price objective on Citigroup and gave the stock a “buy” rating in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $79.18.

NYSE C traded up $0.48 during trading on Tuesday, hitting $71.61. The stock had a trading volume of 10,735,639 shares, compared to its average volume of 15,052,363. The firm has a market cap of $165.71 billion, a P/E ratio of 10.77, a PEG ratio of 0.78 and a beta of 1.74. The company has a 50-day moving average price of $67.19. 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 12 month low of $48.42 and a 12 month high of $75.24.

Citigroup (NYSE:C) last released its earnings results on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.09. The firm had revenue of $18.58 billion for the quarter, compared to analysts’ expectations of $18.56 billion. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 EPS. Sell-side analysts expect that Citigroup will post 7.56 EPS for the current year.

In related news, CEO Stephen Bird sold 30,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $69.33, for a total value of $2,079,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of C. LFA Lugano Financial Advisors SA acquired a new position in Citigroup in the 1st quarter valued at $27,000. Harvest Group Wealth Management LLC acquired a new stake in shares of Citigroup during the 1st quarter worth $28,000. Centaurus Financial Inc. grew its holdings in shares of Citigroup by 95.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,713 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 835 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Citigroup by 35.0% during the 1st quarter. Avestar Capital LLC now owns 610 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 158 shares in the last quarter. Finally, Farmers National Bank acquired a new stake in shares of Citigroup during the 1st quarter worth $34,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Citigroup Company Profile

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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Analyst Recommendations for Citigroup (NYSE:C)

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