Citigroup Upgraded to Buy by TheStreet (C)
“Citigroup (C) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
,” the firm’s analyst wrote.
Citigroup opened at 44.58 on Tuesday. Citigroup has a 1-year low of $24.61 and a 1-year high of $44.75. The stock’s 50-day moving average is currently $42.72. The company has a market cap of $135.5 billion and a price-to-earnings ratio of 18.26.
A number of other analysts have also recently weighed in on C. Analysts at Sanford C. Bernstein reiterated an outperform rating on shares of Citigroup in a research note to investors on Thursday, February 21st. They now have a $47.00 price target on the stock. Separately, analysts at Guggenheim reiterated a buy rating on shares of Citigroup in a research note to investors on Wednesday, February 20th. They now have a $57.00 price target on the stock.
Twenty analysts have rated the stock with a buy rating, four have given an overweight rating, five have issued a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company’s stock. Citigroup presently has an average rating of overweight and a consensus target price of $49.45.
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