Citigroup (NYSE:C) Given New $95.00 Price Target at Wells Fargo & Company

Citigroup (NYSE:C - Get Free Report) had its target price upped by research analysts at Wells Fargo & Company from $85.00 to $95.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 38.58% from the company's current price.

Other analysts have also issued research reports about the company. Evercore ISI boosted their price target on Citigroup from $63.00 to $64.00 and gave the company an "in-line" rating in a report on Wednesday, October 16th. Morgan Stanley cut their price objective on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Bank of America boosted their target price on shares of Citigroup from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on Citigroup from $75.00 to $71.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Finally, Oppenheimer boosted their price target on shares of Citigroup from $91.00 to $107.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $73.00.

Citigroup Stock Performance

C traded up $0.40 during midday trading on Friday, hitting $68.55. 7,711,194 shares of the company traded hands, compared to its average volume of 14,425,439. The company's 50-day moving average is $63.02 and its 200 day moving average is $62.54. Citigroup has a 52 week low of $44.32 and a 52 week high of $70.20. The firm has a market capitalization of $129.65 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results 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 company had revenue of $20.32 billion for the quarter, compared to analysts' expectations of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. On average, research analysts expect that Citigroup will post 5.85 EPS for the current year.

Hedge Funds Weigh In On Citigroup

A number of hedge funds and other institutional investors have recently modified their holdings of C. Blair William & Co. IL raised its holdings in Citigroup by 0.7% in the first quarter. Blair William & Co. IL now owns 146,149 shares of the company's stock worth $9,242,000 after purchasing an additional 1,074 shares in the last quarter. First Foundation Advisors boosted its stake in Citigroup by 20.6% in the first quarter. First Foundation Advisors now owns 2,742 shares of the company's stock valued at $173,000 after acquiring an additional 468 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Citigroup in the first quarter worth $14,301,000. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Citigroup by 4.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company's stock valued at $272,000 after purchasing an additional 164 shares during the last quarter. Finally, Nicolet Advisory Services LLC acquired a new stake in shares of Citigroup in the 1st quarter worth $207,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Company Profile

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.