Citigroup (NYSE:C) Price Target Increased to $64.00 by Analysts at Evercore ISI

Citigroup (NYSE:C) had its price objective upped by Evercore ISI from $63.00 to $64.00 in a report released on Wednesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other research analysts have also recently issued reports about the company. Bank of America increased their price target on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler lifted their price target on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Argus boosted their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group dropped their price objective on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, Morgan Stanley reduced their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Stock Up 2.6 %

Shares of NYSE C opened at $64.26 on Wednesday. The company has a market cap of $122.56 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.74 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup has a 12 month low of $38.17 and a 12 month high of $67.81. The stock has a 50-day moving average price of $61.13 and a two-hundred day moving average price of $61.91.

Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The business had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts forecast that Citigroup will post 5.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Citigroup

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

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.