Citigroup (NYSE:C) Price Target Raised to $107.00 at Oppenheimer

Citigroup (NYSE:C - Get Free Report) had its price target boosted by equities researchers at Oppenheimer from $91.00 to $107.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's price target indicates a potential upside of 68.00% from the company's current price.

A number of other brokerages have also commented on C. The Goldman Sachs Group cut their price objective on shares of Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Argus upped their price target on Citigroup from $70.00 to $72.00 and gave the company a "buy" rating in a report on Monday, July 15th. BMO Capital Markets lifted their price objective on Citigroup from $63.00 to $65.00 and gave the stock a "market perform" rating in a report on Thursday, July 11th. Barclays upped their target price on Citigroup from $63.00 to $70.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley decreased their price target on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $72.06.

Citigroup Stock Up 2.1 %

Shares of C traded up $1.34 during trading hours on Tuesday, hitting $63.69. 12,632,530 shares of the company were exchanged, compared to its average volume of 14,292,965. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.94 and a current ratio of 0.96. The company has a market cap of $121.51 billion, a PE ratio of 18.46, a PEG ratio of 0.71 and a beta of 1.44. The firm's 50 day moving average is $61.98 and its 200-day moving average is $62.19. Citigroup has a 52 week low of $41.28 and a 52 week high of $67.81.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. Citigroup's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. On average, equities research analysts forecast that Citigroup will post 5.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Citigroup

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Citigroup by 123.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company's stock worth $2,005,749,000 after acquiring an additional 17,525,484 shares during the period. Swedbank AB bought a new stake in shares of Citigroup in the first quarter valued at about $253,286,000. Acadian Asset Management LLC boosted its position in shares of Citigroup by 527.5% during the second quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company's stock worth $158,521,000 after buying an additional 2,100,135 shares during the period. Caxton Associates LP grew its holdings in shares of Citigroup by 7,393.3% during the first quarter. Caxton Associates LP now owns 2,015,390 shares of the company's stock worth $127,453,000 after buying an additional 1,988,494 shares in the last quarter. Finally, Capital World Investors raised its position in Citigroup by 26.1% in the 1st quarter. Capital World Investors now owns 5,280,342 shares of the company's stock valued at $333,929,000 after buying an additional 1,092,980 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

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.