Newest Rating: Citigroup Inc (NYSE:C) Gets Lower Rating From Jefferies & Co. What Is The Stock Target?

November 28, 2016 - By Linda Rogers

Newest Rating: Citigroup Inc (NYSE:C) Gets Lower Rating From Jefferies & Co. What Is The Stock Target?

Citigroup Inc (NYSE:C) Downgrade

Citigroup Inc (NYSE:C)‘s stock was downgraded to a Hold by expert analysts at Jefferies & Co. C’s Buy rating is no longer valid.

Citigroup Inc (NYSE:C) Ratings Coverage

Out of 28 analysts covering Citigroup Inc. (NYSE:C), 16 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 57% are positive. $74 is the highest target while $4.0 is the lowest. The $54.02 average target is -3.16% below today’s ($55.78) stock price. Citigroup Inc. has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Berenberg initiated the stock with “Buy” rating in Wednesday, July 13 report. Deutsche Bank maintained it with “Hold” rating and $47 target price in Tuesday, January 26 report. The rating was upgraded by Citigroup to “Buy” on Friday, December 11. The stock has “Outperform” rating given by Keefe Bruyette & Woods on Tuesday, January 19. The stock of Citigroup Inc (NYSE:C) has “Overweight” rating given on Monday, November 14 by Morgan Stanley. Vetr upgraded it to “Hold” rating and $57.36 target price in Monday, August 24 report. The company was maintained on Monday, October 19 by Macquarie Research. Nomura maintained the stock with “Buy” rating in Wednesday, September 7 report. The stock of Citigroup Inc (NYSE:C) has “Overweight” rating given on Wednesday, August 26 by JP Morgan. Credit Suisse upgraded it to “Outperform” rating and $62 target price in Monday, September 28 report.

About 15.95 million shares traded hands. Citigroup Inc (NYSE:C) has risen 21.61% since April 25, 2016 and is uptrending. It has outperformed by 15.60% the S&P500.

Analysts await Citigroup Inc (NYSE:C) to report earnings on January, 18 before the open. They expect $1.09 EPS, up 2.83% or $0.03 from last year’s $1.06 per share. C’s profit will be $3.11B for 12.79 P/E if the $1.09 EPS becomes a reality. After $1.25 actual EPS reported by Citigroup Inc for the previous quarter, Wall Street now forecasts -12.80% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.09, from 0.74 in 2016Q1. The ratio is positive, as 93 funds sold all Citigroup Inc shares owned while 449 reduced positions. 62 funds bought stakes while 341 increased positions. They now own 2.00 billion shares or 2.42% less from 2.05 billion shares in 2016Q1.

Us Comml Bank De last reported 560,116 shares in the company. Wolverine Asset Management Limited Liability Company has invested 0.05% of its portfolio in Citigroup Inc (NYSE:C). Private Advisor Group Inc Ltd Co holds 0.07% or 42,236 shares in its portfolio. Teewinot Cap Advisers Ltd last reported 6.68% of its portfolio in the stock. Clough Cap Prtn L P last reported 1.62% of its portfolio in the stock. Assets Invest Management Limited Company has 42,000 shares for 0.43% of their US portfolio. Middleton Inc Ma holds 1.53% of its portfolio in Citigroup Inc (NYSE:C) for 156,753 shares. Banced holds 0.66% or 7,068 shares in its portfolio. Bp Public Ltd Company holds 0.61% of its portfolio in Citigroup Inc (NYSE:C) for 360,000 shares. Hartford Inc last reported 0.08% of its portfolio in the stock. World owns 31.26M shares or 0.36% of their US portfolio. Mutual Of America Capital Management Limited Liability Company owns 341,080 shares or 0.31% of their US portfolio. Bartlett & Ltd Com holds 0% or 675 shares in its portfolio. Janney Montgomery Scott Ltd Company has invested 0.18% of its portfolio in Citigroup Inc (NYSE:C). Manikay Prtnrs Limited has 7.26% invested in the company for 2.25M shares.

Insider Transactions: Since July 20, 2016, the stock had 0 insider buys, and 1 sale for $360,211 net activity. MURRAY JOSEPH MICHAEL had sold 8,122 shares worth $360,211.

Citigroup Inc. is a financial services holding company. The company has a market cap of $159.21 billion. The Company’s businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It has a 12.03 P/E ratio. It operates through two divisions: Citicorp and Citi Holdings.

According to Zacks Investment Research, “Citigroup Inc. is a global financial services company. It provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. The Company also offers various wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, and equity and fixed income research services. Citigroup Inc. is based in New York.”

C Company Profile

Citigroup Inc. (Citi), incorporated on March 8, 1988, is a financial services holding company. The Company’s businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Firm operates through two divisions: Citicorp and Citi Holdings.

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