Jefferies Financial Group Increases Citigroup (NYSE:C) Price Target to $85.00


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Citigroup (NYSE:C) had its price target boosted by research analysts at Jefferies Financial Group from $75.00 to $85.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 17.32% from the company’s previous close. Jefferies Financial Group also issued estimates for Citigroup’s Q2 2021 earnings at $2.36 EPS, Q3 2021 earnings at $2.27 EPS and Q4 2021 earnings at $2.18 EPS.

A number of other research analysts also recently weighed in on the stock. Wolfe Research downgraded shares of Citigroup from an “outperform” rating to a “peer perform” rating and set a $76.00 price objective for the company. in a research report on Monday, April 5th. They noted that the move was a valuation call. DA Davidson upped their price objective on shares of Citigroup from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, January 19th. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, December 30th. Royal Bank of Canada upped their price objective on shares of Citigroup from $66.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 19th. Finally, Daiwa Capital Markets initiated coverage on shares of Citigroup in a research report on Wednesday, January 6th. They set a “buy” rating and a $75.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $74.72.

NYSE:C opened at $72.45 on Thursday. Citigroup has a one year low of $38.76 and a one year high of $76.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $151.18 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.25 and a beta of 1.95. The firm’s fifty day moving average is $71.91 and its two-hundred day moving average is $59.51.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, April 14th. The company reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $1.02. The business had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.34 billion. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts predict that Citigroup will post 6.42 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in C. Mcmillion Capital Management Inc. purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $27,000. Charter Oak Capital Management LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $28,000. Johnson Midwest Financial LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $29,000. Capstone Triton Financial Group LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $29,000. Finally, First Bank & Trust grew its stake in shares of Citigroup by 279.1% in the 1st quarter. First Bank & Trust now owns 417 shares of the company’s stock valued at $30,000 after buying an additional 307 shares during the period. 72.99% of the stock is owned by institutional investors.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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