Somewhat Positive Press Coverage Somewhat Unlikely to Affect Citigroup (C) Stock Price
News headlines about Citigroup (NYSE:C) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Citigroup earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.5851325632284 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern’s analysis:
- ValuEngine Upgrades CitiGroup to STRONG BUY (feedproxy.google.com)
- Macquarie Boosts Citigroup (C) Price Target to $84.00 (americanbankingnews.com)
- Cities Respond to President Trump’s Infrastructure Proposal (prnewswire.com)
- Citi, Goldman Are Said to Plan ETFs Tied to Riskiest Bank Bonds (bloombergquint.com)
- Kahn Brothers Sells New York Times, Citigroup, Hologic (finance.yahoo.com)
Citigroup (NYSE:C) traded up $1.08 during midday trading on Monday, reaching $74.76. The company had a trading volume of 16,674,890 shares, compared to its average volume of 17,230,000. Citigroup has a 12-month low of $56.55 and a 12-month high of $80.70. The stock has a market cap of $197,670.00, a P/E ratio of 13.47, a P/E/G ratio of 1.07 and a beta of 1.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, February 2nd. Citigroup’s payout ratio is currently 23.06%.
A number of analysts recently issued reports on the company. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Raymond James Financial began coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Societe Generale cut Citigroup from a “hold” rating to a “sell” rating and set a $65.00 price objective for the company. in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $79.65.
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose 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.
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