Citigroup (C) Downgraded by ValuEngine

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Citigroup (NYSE:C) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday.

Several other equities research analysts also recently commented on the stock. Deutsche Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, June 20th. Daiwa Capital Markets downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $78.00 target price on the stock. in a research report on Thursday, May 17th. Morgan Stanley cut their target price on shares of Citigroup from $93.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday, April 30th. Vining Sparks reiterated a “buy” rating and set a $82.00 target price on shares of Citigroup in a research report on Monday, April 16th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $76.00 target price on shares of Citigroup in a research report on Friday, April 13th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $80.78.

Shares of C traded up $0.24 during mid-day trading on Monday, reaching $67.16. The company had a trading volume of 12,685,500 shares, compared to its average volume of 17,296,166. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a 1-year low of $64.38 and a 1-year high of $80.70. The company has a market cap of $171.99 billion, a P/E ratio of 12.60, a PEG ratio of 0.96 and a beta of 1.49.

Citigroup (NYSE:C) last posted its earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.61 by $0.07. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the company earned $1.35 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. equities analysts forecast that Citigroup will post 6.49 EPS for the current year.

In other news, CFO John C. Gerspach sold 12,966 shares of Citigroup stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total value of $937,571.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.

Several large investors have recently added to or reduced their stakes in C. Mount Yale Investment Advisors LLC bought a new stake in Citigroup during the 1st quarter valued at $781,000. Private Vista LLC purchased a new position in Citigroup during the 1st quarter worth $225,000. PagnatoKarp Partners LLC boosted its holdings in Citigroup by 68.1% during the 1st quarter. PagnatoKarp Partners LLC now owns 4,555 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 1,846 shares during the last quarter. Nicola Wealth Management LTD. purchased a new position in Citigroup during the 1st quarter worth $7,723,000. Finally, Reliant Investment Management LLC boosted its holdings in Citigroup by 1.5% during the 1st quarter. Reliant Investment Management LLC now owns 52,010 shares of the financial services provider’s stock worth $3,511,000 after acquiring an additional 770 shares during the last quarter. Institutional investors own 76.54% of the company’s stock.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Citigroup (NYSE:C)

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