#2 - Citigroup (NYSE:C)
Citigroup (NYSE:C) fits the classic definition of a value stock. The bank is currently trading at a P/E ratio of 6.80 which is comfortably below both the S&P average and the sector average.
Critics will say that the company’s low valuation is deserved because the company is in the middle of a transformation plan while navigating through some regulatory issues that stem from its risk management and internal controls. This bearish sentiment is reflected in the stock price which is down 26% in 2022 and is down 31% in the last five years.
However, the stock has recently drawn the interest, and capital, of Warren Buffett. That suggests that the company’s plans may be coming together. Analysts that report to MarketBeat currently give C stock a consensus hold rating. But with a price target of over $58 per share, the stock does look to have some upside. And while investors wait for that growth to come, they can enjoy a dividend that has a yield of 4.11% and a payout of $2.04 on an annual basis.
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.
Read More - Current Price
- $69.84
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $73.00 (4.5% Upside)
