Recent Analysts’ Ratings Updates for Citigroup (C)

A number of research firms have changed their ratings and price targets for Citigroup (NYSE: C):

  • 1/8/2019 – Citigroup had its price target lowered by analysts at Morgan Stanley from $81.00 to $76.00. They now have an “overweight” rating on the stock.
  • 1/8/2019 – Citigroup was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Citigroup have underperformed the industry in the past six months. Earnings estimates have been revised downward ahead of the company's fourth quarter 2018 results. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. However, several issues, including litigation burden and declining fee income, keep us apprehensive. Notably, chief financial officer John Gerspach expects market revenues to be low on a year-over-year basis in the fourth quarter, impacted by reduced fixed-income market revenue.”
  • 1/7/2019 – Citigroup was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating.
  • 1/4/2019 – Citigroup was downgraded by analysts at Wells Fargo & Co to a “buy” rating.
  • 1/2/2019 – Citigroup had its price target lowered by analysts at Barclays PLC from $93.00 to $82.00. They now have an “overweight” rating on the stock.
  • 12/26/2018 – Citigroup was upgraded by analysts at Standpoint Research from a “hold” rating to a “buy” rating. They now have a $49.70 price target on the stock.
  • 12/11/2018 – Citigroup was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 12/10/2018 – Citigroup was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. However, several issues, including litigation burden and declining fee income, keep us apprehensive. Nevertheless, with rising rates, margin pressure seems to be easing.”
  • 12/7/2018 – Citigroup had its price target lowered by analysts at Credit Suisse Group AG from $88.00 to $80.00. They now have an “outperform” rating on the stock.
  • 12/7/2018 – Citigroup was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. Also, with rising rates, margin pressure seems to be easing. However, several issues, including litigation burden and declining fee income, keep us apprehensive.”
  • 11/29/2018 – Citigroup was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. Though several issues, including litigation burden and declining fee income, keep us apprehensive, with rising rates, margin pressure seems to be easing.”
  • 11/27/2018 – Citigroup was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. Though several issues, including litigation burden and declining fee income, keep us apprehensive, with rising rates, margin pressure seems to be easing.”
  • 11/22/2018 – Citigroup was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. The company’s third-quarter 2018 earnings reflected high revenues, along with loan growth. Moreover, controlled expenses were witnessed. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. Though several issues, including litigation burden and declining fee income, keep us apprehensive, with rising rates, margin pressure seems to be easing.”
  • 11/21/2018 – Citigroup was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. The company’s third-quarter 2018 earnings reflected high revenues, along with loan growth. Moreover, controlled expenses were witnessed. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. Though several issues, including litigation burden and declining fee income, keep us apprehensive, with rising rates, margin pressure seems to be easing.”
  • 11/16/2018 – Citigroup was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. The company’s third-quarter 2018 earnings reflected high revenues, along with loan growth. Moreover, controlled expenses were witnessed. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. Though several issues, including litigation burden and declining fee income, keep us apprehensive, with rising rates, margin pressure seems to be easing.”
  • 11/15/2018 – Citigroup was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Citigroup have underperformed the industry year to date. However, the company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. The company’s third-quarter 2018 earnings reflected high revenues, along with loan growth. Moreover, controlled expenses were witnessed. We believe the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability. With rising rates, margin pressure seems to be easing. Yet, several issues, including litigation burden and declining fee income, keep us apprehensive.”

C stock opened at $56.69 on Monday. The stock has a market capitalization of $144.90 billion, a PE ratio of 10.64, a P/E/G ratio of 0.66 and a beta of 1.56. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup Inc has a 12 month low of $48.42 and a 12 month high of $80.70.

Citigroup (NYSE:C) last posted its earnings results on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $18.39 billion during the quarter, compared to analysts’ expectations of $18.43 billion. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. During the same quarter in the prior year, the business earned $1.42 earnings per share. As a group, analysts anticipate that Citigroup Inc will post 6.63 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in C. Trinity Street Asset Management LLP increased its position in Citigroup by 0.7% during the 4th quarter. Trinity Street Asset Management LLP now owns 419,840 shares of the financial services provider’s stock valued at $21,856,000 after purchasing an additional 2,924 shares during the period. Cornerstone Investment Partners LLC increased its position in Citigroup by 4.2% during the 4th quarter. Cornerstone Investment Partners LLC now owns 1,329,931 shares of the financial services provider’s stock valued at $69,236,000 after purchasing an additional 53,743 shares during the period. Cerebellum GP LLC increased its position in Citigroup by 88.6% during the 4th quarter. Cerebellum GP LLC now owns 4,899 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,301 shares during the period. Cumberland Advisors Inc. acquired a new stake in Citigroup during the 4th quarter valued at approximately $993,000. Finally, Packer & Co Ltd increased its position in Citigroup by 78.4% during the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the financial services provider’s stock valued at $36,171,000 after purchasing an additional 545,000 shares during the period. 72.67% of the stock is owned by institutional investors.

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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