Citigroup (NYSE:C) Price Target Cut to $87.00

Citigroup (NYSE:C) had its target price decreased by Oppenheimer from $88.00 to $87.00 in a report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 52.69% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Daiwa Capital Markets raised Citigroup from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, December 18th. Barclays raised their target price on Citigroup from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Societe Generale cut Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Finally, Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Price Performance

Shares of NYSE:C opened at $56.98 on Monday. Citigroup has a one year low of $38.17 and a one year high of $63.90. The stock has a fifty day moving average of $58.04 and a 200-day moving average of $50.93. The company has a market capitalization of $109.13 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The company had revenue of $21.10 billion for the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. As a group, equities analysts anticipate that Citigroup will post 5.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Citigroup

Several institutional investors have recently bought and sold shares of C. Orion Capital Management LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at about $29,000. Beaird Harris Wealth Management LLC grew its position in shares of Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after purchasing an additional 569 shares during the last quarter. Carmel Capital Partners LLC acquired a new stake in shares of Citigroup in the third quarter valued at about $25,000. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Citigroup in the first quarter valued at about $28,000. 71.72% of the stock is currently 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.