Reassessing The Changing Outlook For Citigroup Inc (C)

Currently, there are 1.90B common shares owned by the public and among those 1.89B shares have been available to trade.

The company’s stock has a 5-day price change of 3.16% and 13.34% over the past three months. C shares are trading 23.85% year to date (YTD), with the 12-month market performance up to 60.88% higher. It has a 12-month low price of $39.28 and touched a high of $67.81 over the same period. C has an average intraday trading volume of 13.23 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 0.06%, 2.82%, and 5.10% respectively.

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Institutional ownership of Citigroup Inc (NYSE: C) shares accounts for 75.57% of the company’s 1.90B shares outstanding.

It has a market capitalization of $119.63B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 18.40, while the earnings-per-share (ttm) stands at $3.46. The company has a PEG of 0.80 and the debt-to-equity ratio at 2.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.01% over the week and 2.30% over the month.

Earnings per share for the fiscal year are expected to increase by 43.46%, and 24.15% over the next financial year. EPS should grow at an annualized rate of 23.14% 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. Evercore ISI stated their In-line rating for the stock in a research note on April 04, 2024, with the firm’s price target at $58-$60. Wells Fargo coverage for the Citigroup Inc (C) stock in a research note released on March 25, 2024 offered a Overweight rating with a price target of $80. Goldman was of a view on March 14, 2024 that the stock is Buy, while Piper Sandler gave the stock Overweight rating on February 14, 2024, issuing a price target of $56- $63. Morgan Stanley on their part issued Overweight rating on January 30, 2024.

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