With over 16.88 million Citigroup Inc (C) shares trading Friday and a closing price of $54.33 on the day, the dollar volume was approximately $917.15 million. The shares have shown a positive half year performance of 18.78% and its price on 01/05/24 gained nearly 1.04%. Currently, there are 1.94B common shares owned by the public and among those 1.91B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for C have a consensus price objective of $57.16. The analysts have set the share’s price value over the next 12 months at a high of $95.00 and a low of $42.00. The average price target is 4.95% above its recent price level and a downside to the estimated low will see the stock lose -29.36% over that period. But an upside of 42.81% will see the stock hit the forecast high price target while median target price for the stock is $55.00.
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Insiders at the company have transacted a total of 105 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 77 of these insider trades were purchases, accounting for 1,689,160 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 266,340 shares.
Shares of Citigroup Inc (NYSE: C) opened at $54.03, up $0.26 from a prior closing price of $53.77. However, the script later moved the day high at 54.67, up 1.04%. The company’s stock has a 5-day price change of 5.45% and 36.23% over the past three months. C shares are trading 5.62% year to date (YTD), with the 12-month market performance up to 15.69% higher. It has a 12-month low price of $38.17 and touched a high of $54.75 over the same period. C has an average intraday trading volume of 18.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.67%, 18.06%, and 20.43% respectively.
Institutional ownership of Citigroup Inc (NYSE: C) shares accounts for 72.24% of the company’s 1.94B shares outstanding.
It has a market capitalization of $103.98B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 8.62, while the earnings-per-share (ttm) stands at $6.30. The company has a PEG of 7.18 and the debt-to-equity ratio at 2.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.43% over the week and 2.11% over the month.
Analysts forecast that Citigroup Inc (C) will achieve an EPS of $0.97 for the current quarter, $1.56 for the next quarter and $5.94 for 2024. The lowest estimate earnings-per-share for the quarter is $0.64 while analysts give the company a high EPS estimate of $1.35. Comparatively, EPS for the current quarter was $1.16 a year ago. Earnings per share for the fiscal year are expected to decrease by -24.97%, and 12.94% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate Citigroup Inc (C) as a “Moderate Buy” at a consensus score of 2.11. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 13 of the 27 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the C, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on January 03, 2024, with the firm’s price target at $58.
