Investors are poised to add Citigroup Inc. (C) Stock to their long term portfolios

Citigroup Inc. [C] stock is trading at $49.33, up 0.92%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The C shares have gain 0.61% over the last week, with a monthly amount glided 11.08%, and seem to be holding up well over a long-time horizon.

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On 21, November 2022, Citi Singapore and NUS Business School Redesign Transaction Banking Course to mark 10 Years of Collaboration. In a post published today on Yahoo Finance, To meet the needs of the future economy, Citi Singapore’s Treasury and Trade Solutions (TTS) and the National University of Singapore’s (NUS) Business School today announced the revamp of its 13-week transaction banking course starting January 2023.

From an analyst’s perspective:

Citigroup Inc. [NYSE: C] stock has seen the most recent analyst activity on October 03, 2022, when Goldman downgraded its rating to a Neutral and also revised its price target to $47 from $54. Previously, Odeon downgraded its rating to Hold on September 06, 2022. On May 27, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $58 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $60 on March 28, 2022. Jefferies downgraded its rating to a Hold and reduced its price target to $60 on March 07, 2022. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on March 03, 2022, and downed its price target to $64. In a note dated March 03, 2022, Atlantic Equities downgraded an Neutral rating on this stock but restated the target price of $70.

Citigroup Inc. [C] stock has fluctuated between $40.01 and $69.11 over the past year. Currently, Wall Street analysts expect the stock to reach $56.90 within the next 12 months. Citigroup Inc. [NYSE: C] shares were valued at $49.33 at the most recent close of the market. An investor can expect a potential return of 15.35% based on the average C price forecast.

Analyzing the C fundamentals

Citigroup Inc. [NYSE:C] reported sales of 19.92 billion for the most recent quarter, which represents a growth of 57.50%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.08 points at the first support level, and at 48.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.63, and for the 2nd resistance point, it is at 49.93.

Citigroup Inc. [C] reported earnings per share of $1.63 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.42/share, meaning a difference of $0.21 and a surprise factor of 14.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $2.19 per share as compared to estimates of $1.68 per share, a difference of $0.51 representing a surprise of 30.40%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 0.65 and the P/E (TTM) ratio is 6.65.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 17 insider buyings of 20,369 shares and 1 insider sellings of 15,000 shares. Recent insider trading involved CITIGROUP INC, See General Remark., that happened on Sep 12 when 4.61 million shares were sold. Head of Human Resources, Wechter Sara completed a deal on Feb 11 to sell 14800.0 shares. Meanwhile, Chief Compliance Officer McNiff Mary sold 5000.0 shares on Feb 11.