Citigroup (NYSE:C) Given a $94.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $94.00 target price on Citigroup (NYSE:C) in a research report sent to investors on Monday morning, TipRanks reports. The firm currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group raised UCB S A/ADR from a neutral rating to a buy rating in a research report on Thursday, May 30th. Bank of America set a $68.00 price objective on Inphi and gave the stock a buy rating in a research report on Monday. HSBC reissued a hold rating on shares of Societe Generale in a research report on Thursday, April 4th. ValuEngine cut Acceleron Pharma from a strong-buy rating to a buy rating in a research report on Thursday, April 18th. Finally, Morgan Stanley cut GasLog Partners LP Unit from an overweight rating to an equal weight rating and cut their price objective for the stock from $23.00 to $18.00 in a research report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $78.90.

NYSE C traded down $0.50 on Monday, reaching $70.82. The stock had a trading volume of 864,308 shares, compared to its average volume of 12,647,650. The firm has a 50 day simple moving average of $68.07. 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 1 year low of $48.42 and a 1 year high of $75.24. The company has a market capitalization of $165.83 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.81 and a beta of 1.74.

Citigroup (NYSE:C) last issued its earnings results on Monday, July 15th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. Citigroup had a return on equity of 10.12% and a net margin of 18.24%. The firm had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $18.49 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Citigroup will post 7.5 EPS for the current year.

In other Citigroup 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA acquired a new position in shares of Citigroup in the 1st quarter valued at $27,000. Harvest Group Wealth Management LLC acquired a new stake in Citigroup during the 1st quarter worth $28,000. Centaurus Financial Inc. raised its stake in 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 buying an additional 835 shares during the period. Avestar Capital LLC raised its stake in 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 buying an additional 158 shares during the period. Finally, Farmers National Bank acquired a new stake in Citigroup during the 1st quarter worth $34,000. Hedge funds and other institutional investors own 75.98% 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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