With over 37.88 million Citigroup Inc (C) shares trading Friday and a closing price of $52.62 on the day, the dollar volume was approximately $1.99 billion. The shares have shown a positive half year performance of 15.02% and its price on 01/12/24 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: 28 analysts who have offered their price forecasts for C have a consensus price objective of $59.53. The analysts have set the share’s price value over the next 12 months at a high of $95.00 and a low of $43.00. The average price target is 11.61% above its recent price level and a downside to the estimated low will see the stock lose -22.37% over that period. But an upside of 44.61% will see the stock hit the forecast high price target while median target price for the stock is $57.40.
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Insiders at the company have transacted a total of 104 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 76 of these insider trades were purchases, accounting for 1,685,992 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 $52.30, up $0.22 from a prior closing price of $52.08. However, the script later moved the day high at 53.85, up 1.04%. The company’s stock has a 5-day price change of -3.15% and 26.70% over the past three months. C shares are trading 2.29% year to date (YTD), with the 12-month market performance up to 8.03% 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 19.05 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 1.71%, 10.83%, and 16.04% respectively.
Institutional ownership of Citigroup Inc (NYSE: C) shares accounts for 72.30% of the company’s 1.94B shares outstanding.
It has a market capitalization of $100.71B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 13.07, while the earnings-per-share (ttm) stands at $4.02. The company has a PEG of 10.89 and the debt-to-equity ratio at 2.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.23% over the week and 2.21% over the month.
Analysts forecast that Citigroup Inc (C) will achieve an EPS of $0.81 for the current quarter, $1.58 for the next quarter and $5.95 for 2024. The lowest estimate earnings-per-share for the quarter is $0.64 while analysts give the company a high EPS estimate of $0.99. Comparatively, EPS for the current quarter was $1.16 a year ago. Earnings per share for the fiscal year are expected to increase by 48.36%, and 19.39% over the next financial year. EPS should grow at an annualized rate of 1.20% over the next five years, compared to -9.28% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate Citigroup Inc (C) as a “Moderate Buy” at a consensus score of 2.21. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 13 of the 28 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the C, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on January 10, 2024, with the firm’s price target at $57.
