Citigroup (NYSE:C) Price Target Raised to $110.00 at TD Cowen

Key Points

• TD Cowen raised Citigroup's price target from $105.00 to $110.00, indicating a potential upside of 8.72% from its current price.
• Citigroup's recent quarterly earnings report showed $1.86 EPS, missing estimates, but revenue was $22.09 billion, exceeding expectations.
• Overall, Citigroup has a consensus rating of "Moderate Buy", with several brokerages offering varying ratings and price targets for the stock.

Citigroup (NYSE:C - Get Free Report) had its price target raised by investment analysts at TD Cowen from $105.00 to $110.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the stock. TD Cowen's price target points to a potential upside of 8.72% from the company's current price.

A number of other brokerages also recently issued reports on C. UBS Group reissued a "neutral" rating and set a $89.00 target price on shares of Citigroup in a research note on Tuesday, July 15th. Wall Street Zen raised Citigroup from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Wells Fargo & Company increased their target price on Citigroup from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 16th. Bank of America increased their target price on Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Truist Financial increased their target price on Citigroup from $105.00 to $112.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and an average price target of $104.18.

Citigroup Stock Up 1.3%

NYSE C traded up $1.33 during trading hours on Wednesday, hitting $101.17. 3,344,365 shares of the company were exchanged, compared to its average volume of 15,330,026. The company has a 50 day moving average of $97.25 and a two-hundred day moving average of $84.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup has a 52-week low of $55.51 and a 52-week high of $105.59. The firm has a market cap of $186.25 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.84 and a beta of 1.37.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). The business had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The company's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 earnings per share. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Citigroup will post 7.53 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in Citigroup in the first quarter valued at about $28,000. Accent Capital Management LLC increased its position in shares of Citigroup by 106.0% during the first quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after acquiring an additional 212 shares during the last quarter. Truvestments Capital LLC increased its position in shares of Citigroup by 131.6% during the first quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after acquiring an additional 246 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Citigroup during the second quarter worth about $34,000. Finally, DHJJ Financial Advisors Ltd. increased its position in shares of Citigroup by 157.1% during the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company's stock worth $35,000 after acquiring an additional 253 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.

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