Citigroup (NYSE:C) Given New $107.00 Price Target at Oppenheimer

Citigroup (NYSE:C) had its price target upped by Oppenheimer from $91.00 to $107.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 68.56% from the company’s previous close.

C has been the topic of several other reports. Bank of America boosted their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their target price on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Morgan Stanley lowered their price target on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Argus lifted their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Evercore ISI upped their target price on Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.06.

Citigroup Stock Performance

NYSE:C traded up $1.13 during midday trading on Tuesday, reaching $63.48. The stock had a trading volume of 6,886,185 shares, compared to its average volume of 14,264,272. Citigroup has a 12-month low of $41.28 and a 12-month high of $67.81. The stock has a market cap of $121.11 billion, a P/E ratio of 18.34, a P/E/G ratio of 0.71 and a beta of 1.44. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a fifty day simple moving average of $61.98 and a two-hundred day simple moving average of $62.19.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm had revenue of $20.32 billion during the quarter, compared to analysts’ expectations of $19.86 billion. During the same period in the prior year, the company posted $1.52 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts expect that Citigroup will post 5.87 EPS for the current year.

Institutional Investors Weigh In On Citigroup

Hedge funds have recently made changes to their positions in the business. Jennison Associates LLC boosted its holdings in shares of Citigroup by 732.2% in the first quarter. Jennison Associates LLC now owns 60,766 shares of the company’s stock valued at $3,843,000 after acquiring an additional 53,464 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Citigroup during the first quarter valued at about $63,000. Avidian Wealth Solutions LLC raised its position in Citigroup by 7.9% in the first quarter. Avidian Wealth Solutions LLC now owns 5,371 shares of the company’s stock worth $340,000 after acquiring an additional 395 shares in the last quarter. Catalina Capital Group LLC acquired a new stake in Citigroup in the 1st quarter valued at about $253,000. Finally, Embree Financial Group acquired a new position in shares of Citigroup in the 1st quarter worth approximately $207,000. Institutional investors own 71.72% of the company’s stock.

About Citigroup

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.