Citigroup (NYSE:C) Given New $95.00 Price Target at Bank of America

Citigroup (NYSE:C) had its price target increased by investment analysts at Bank of America from $90.00 to $95.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 29.73% from the stock’s current price.

Several other brokerages have also recently commented on C. Oppenheimer decreased their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company raised their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $95.00 in a research note on Monday. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $80.13.

Citigroup Price Performance

NYSE C opened at $73.23 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup has a 1 year low of $50.51 and a 1 year high of $74.29. The company has a market cap of $138.50 billion, a PE ratio of 21.23, a PEG ratio of 0.80 and a beta of 1.43. The stock’s 50-day moving average price is $69.85 and its two-hundred day moving average price is $64.89.

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

Institutional Trading of Citigroup

Several large investors have recently modified their holdings of C. Inspire Trust Co. N.A. lifted its position in Citigroup by 34.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company’s stock worth $4,852,000 after acquiring an additional 20,000 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Citigroup by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock worth $22,236,000 after purchasing an additional 8,301 shares during the last quarter. KBC Group NV boosted its stake in Citigroup by 1.8% during the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company’s stock valued at $71,270,000 after purchasing an additional 20,291 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Citigroup by 4.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company’s stock valued at $24,710,000 after buying an additional 18,278 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in Citigroup by 8.6% in the 3rd quarter. TCW Group Inc. now owns 338,816 shares of the company’s stock valued at $21,210,000 after buying an additional 26,882 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

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.