Bank of America Issues Positive Forecast for Citigroup (NYSE:C) Stock Price

Citigroup (NYSE:C - Get Free Report) had its price target upped by equities research analysts at Bank of America from $90.00 to $95.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's price objective indicates a potential upside of 29.02% from the stock's previous close.

A number of other analysts have also weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $82.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday. Oppenheimer decreased their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a report on Friday. The Goldman Sachs Group boosted their price target on Citigroup from $72.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.13.

Citigroup Stock Performance

Citigroup stock traded up $0.89 during midday trading on Tuesday, hitting $73.63. 18,303,686 shares of the company were exchanged, compared to its average volume of 14,668,578. The business has a fifty day simple moving average of $69.68 and a two-hundred day simple moving average of $64.84. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $139.25 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. Citigroup has a fifty-two week low of $50.51 and a fifty-two week high of $74.29.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The business's quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 EPS. On average, sell-side analysts forecast that Citigroup will post 5.86 earnings per share for the current year.

Institutional Investors Weigh In On Citigroup

A number of large investors have recently bought and sold shares of the business. Inspire Trust Co. N.A. lifted its holdings in Citigroup by 34.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company's stock worth $4,852,000 after buying an additional 20,000 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Citigroup by 2.4% during the third quarter. HighTower Advisors LLC now owns 354,294 shares of the company's stock worth $22,236,000 after acquiring an additional 8,301 shares during the last quarter. KBC Group NV lifted its stake in shares of Citigroup by 1.8% during the third quarter. KBC Group NV now owns 1,138,511 shares of the company's stock valued at $71,270,000 after acquiring an additional 20,291 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Citigroup by 4.9% in the third quarter. Crossmark Global Holdings Inc. now owns 394,738 shares of the company's stock valued at $24,710,000 after acquiring an additional 18,278 shares during the last quarter. Finally, TCW Group Inc. raised its holdings in Citigroup by 8.6% during the 3rd quarter. TCW Group Inc. now owns 338,816 shares of the company's stock worth $21,210,000 after purchasing an additional 26,882 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

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.