Citigroup (NYSE:C) released its quarterly earnings results on Tuesday. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09, Briefing.com reports. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis.
Citigroup (NYSE:C) opened at $77.11 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $203,880.00, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. Citigroup has a one year low of $55.23 and a one year high of $78.44.
Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $82.00 price target on the stock. in a research note on Tuesday. Jefferies Group reaffirmed a “hold” rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday. Deutsche Bank set a $74.00 price target on shares of Citigroup and gave the stock a “neutral” rating in a research note on Wednesday. Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price target on the stock in a research note on Monday, December 4th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup presently has a consensus rating of “Buy” and an average price target of $78.12.
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Citigroup Company Profile
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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