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

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

C has been the subject of a number of other reports. Morgan Stanley decreased their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America lifted their price objective on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer dropped their price objective on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating on the stock in a report on Wednesday. Argus lifted their target price on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets upped their price target on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Price Performance

Shares of NYSE:C opened at $62.85 on Wednesday. The company has a market capitalization of $119.88 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The company’s 50-day moving average is $61.35 and its 200 day moving average is $61.92. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94. Citigroup has a fifty-two week low of $38.17 and a fifty-two week high of $67.81.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating 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 firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Citigroup will post 5.76 earnings per share for the current year.

Institutional Investors Weigh In On Citigroup

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lloyd Advisory Services LLC. increased its holdings in shares of Citigroup by 355.9% in the 1st quarter. Lloyd Advisory Services LLC. now owns 19,115 shares of the company’s stock worth $1,209,000 after buying an additional 14,922 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Citigroup by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,317 shares of the company’s stock valued at $4,653,000 after acquiring an additional 8,593 shares during the last quarter. Lazard Asset Management LLC raised its position in Citigroup by 13.4% during the first quarter. Lazard Asset Management LLC now owns 201,456 shares of the company’s stock valued at $12,739,000 after purchasing an additional 23,774 shares in the last quarter. BDF Gestion purchased a new stake in Citigroup during the second quarter valued at about $3,861,000. Finally, New Mexico Educational Retirement Board boosted its holdings in shares of Citigroup by 13.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 115,426 shares of the company’s stock worth $7,300,000 after purchasing an additional 14,100 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other 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.