Citigroup (C) Downgraded by ValuEngine

Citigroup (NYSE:C) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Several other equities research analysts also recently commented on the stock. Vining Sparks raised shares of Citigroup to a “buy” rating and set a $80.00 price objective on the stock in a report on Friday, April 6th. Morgan Stanley upped their price objective on shares of Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. HSBC raised shares of Citigroup from a “hold” rating to a “buy” rating and upped their price objective for the company from $82.00 to $85.00 in a report on Wednesday, April 11th. TheStreet downgraded shares of Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, March 27th. Finally, Zacks Investment Research downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company. Citigroup currently has an average rating of “Hold” and an average target price of $80.78.

Shares of Citigroup traded up $0.24, reaching $67.16, during midday trading on Monday, Marketbeat.com reports. The company had a trading volume of 12,685,500 shares, compared to its average volume of 17,296,166. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $171.99 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.49. Citigroup has a 52-week low of $64.38 and a 52-week high of $80.70.

Citigroup (NYSE:C) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.07. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.89 billion. Citigroup had a negative net margin of 6.28% and a positive return on equity of 8.13%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. research analysts predict that Citigroup will post 6.49 earnings per share for the current year.

In related news, CFO John C. Gerspach sold 12,966 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $72.31, for a total value of $937,571.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Stelac Advisory Services LLC bought a new position in shares of Citigroup in the first quarter worth approximately $116,000. Risk Paradigm Group LLC increased its position in shares of Citigroup by 829.2% in the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,733 shares during the last quarter. Bedel Financial Consulting Inc. bought a new position in shares of Citigroup in the first quarter worth approximately $133,000. Twin Tree Management LP increased its position in shares of Citigroup by 100.4% in the first quarter. Twin Tree Management LP now owns 2,013 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 535,686 shares during the last quarter. Finally, Clearwater Capital Advisors LLC bought a new position in shares of Citigroup in the first quarter worth approximately $143,000. Institutional investors own 76.54% of the company’s stock.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Citigroup (NYSE:C)

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