Citigroup Inc (C): Street Finally Waking Up

Currently, there are 1.91B common shares owned by the public and among those 1.91B shares have been available to trade.

The company’s stock has a 5-day price change of 3.11% and 22.89% over the past three months. C shares are trading 22.94% year to date (YTD), with the 12-month market performance up to 39.85% higher. It has a 12-month low price of $38.17 and touched a high of $62.76 over the same period. C has an average intraday trading volume of 17.23 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 8.25%, 12.96%, and 32.49% respectively.

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Institutional ownership of Citigroup Inc (NYSE: C) shares accounts for 73.75% of the company’s 1.91B shares outstanding.

It has a market capitalization of $120.88B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 15.80, while the earnings-per-share (ttm) stands at $4.00. The company has a PEG of 1.58 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 1.57% over the week and 2.03% over the month.

Analysts forecast that Citigroup Inc (C) will achieve an EPS of $1.38 for the current quarter, $1.5 for the next quarter and $7.19 for 2025. The lowest estimate earnings-per-share for the quarter is $1.07 while analysts give the company a high EPS estimate of $1.89. Comparatively, EPS for the current quarter was $2.19 a year ago. Earnings per share for the fiscal year are expected to increase by 42.19%, and 23.38% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -9.56% over the past 5-year period.

Looking at the support for the C, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on March 25, 2024, with the firm’s price target at $70-$80. Goldman coverage for the Citigroup Inc (C) stock in a research note released on March 14, 2024 offered a Buy rating with a price target of $68. Piper Sandler was of a view on February 14, 2024 that the stock is Overweight, while Morgan Stanley gave the stock Overweight rating on January 30, 2024, issuing a price target of $46- $65. BMO Capital Markets on their part issued Market Perform rating on January 10, 2024.

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