Citigroup Inc. (NYSE:C)‘s stock had its “buy” rating restated by analysts at CLSA in a research note issued on Friday. They presently have a $80.00 price objective on the financial services provider’s stock. CLSA’s target price suggests a potential upside of 34.16% from the stock’s current price.

C has been the topic of several other research reports. Vetr cut Citigroup from a “hold” rating to a “sell” rating and set a $47.03 target price on the stock. in a research note on Tuesday, October 11th. Jefferies Group boosted their price target on Citigroup from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. Barclays PLC boosted their price target on Citigroup from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Zacks Investment Research raised Citigroup from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Monday, December 19th. Finally, boosted their price target on Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.39.

Analyst Recommendations for Citigroup (NYSE:C)

Shares of Citigroup (NYSE:C) traded up 0.68% on Friday, reaching $59.63. The company had a trading volume of 21,045,164 shares. The firm has a market capitalization of $169.93 billion, a price-to-earnings ratio of 12.97 and a beta of 1.75. The company’s 50-day moving average price is $59.28 and its 200-day moving average price is $50.20. Citigroup has a 52-week low of $34.52 and a 52-week high of $61.63.

Citigroup (NYSE:C) last released its earnings results on Friday, October 14th. The financial services provider reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The firm had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.32 billion. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 EPS. On average, analysts predict that Citigroup will post $4.70 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Citigroup Inc. (C) Rating Reiterated by CLSA” was first reported by Daily Political and is the propert of of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this news story can be read at http://www.dailypolitical.com/2017/01/13/citigroup-inc-c-rating-reiterated-by-clsa.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in C. UMB Bank N A MO raised its position in shares of Citigroup by 0.5% in the second quarter. UMB Bank N A MO now owns 6,721 shares of the financial services provider’s stock valued at $285,000 after buying an additional 36 shares during the last quarter. Tarbox Group Inc. raised its position in shares of Citigroup by 0.8% in the third quarter. Tarbox Group Inc. now owns 4,799 shares of the financial services provider’s stock valued at $227,000 after buying an additional 40 shares during the last quarter. Financial Architects Inc raised its position in shares of Citigroup by 0.5% in the third quarter. Financial Architects Inc now owns 8,828 shares of the financial services provider’s stock valued at $417,000 after buying an additional 41 shares during the last quarter. Pitcairn Co. raised its position in shares of Citigroup by 0.5% in the second quarter. Pitcairn Co. now owns 10,299 shares of the financial services provider’s stock valued at $437,000 after buying an additional 53 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its position in shares of Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock valued at $106,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 70.75% of the company’s stock.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

5 Day Chart for NYSE:C

Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.