Media stories about Citigroup (NYSE:C) have trended somewhat positive this week, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Citigroup earned a coverage optimism score of 2.00 on their scale. InfoTrie also gave media headlines about the financial services provider an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Citigroup’s analysis:
- Citigroup is raising its stock forecast for 2020 despite election year uncertainty (cnbc.com)
- The Most Festive Christmas Cities in the US (feedproxy.google.com)
- 9 bills on LS agenda next week, Citizenship Bill may come up on Monday (business-standard.com)
- At least eight killed in a suspected Islamist militant attack in Kenya (feeds.reuters.com)
- Citigroup and 23 More Dividend Stocks for a Slowing Economy – Nasdaq (nasdaq.com)
C has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $90.00 price objective (up previously from $84.00) on shares of Citigroup in a research note on Monday, November 18th. ValuEngine lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. UBS Group raised their price target on shares of Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Vining Sparks upgraded shares of Citigroup to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday, October 9th. Finally, Wells Fargo & Co set a $85.00 price target on shares of Citigroup and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $81.45.
NYSE C traded up $1.10 during mid-day trading on Friday, hitting $75.81. The company’s stock had a trading volume of 9,877,781 shares, compared to its average volume of 9,256,352. The firm has a market capitalization of $163.11 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.85 and a beta of 1.81. The company’s 50 day simple moving average is $73.95 and its 200 day simple moving average is $69.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. Citigroup Inc has a twelve month low of $48.42 and a twelve month high of $76.28.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.12. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The firm had revenue of $18.57 billion for the quarter, compared to the consensus estimate of $18.54 billion. During the same quarter in the prior year, the company posted $1.73 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts forecast that Citigroup Inc will post 7.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 4th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Friday, November 1st. Citigroup’s dividend payout ratio is currently 30.68%.
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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