Currently, Citigroup Inc [C] is trading at $57.29, up 1.83%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The C shares have gain 4.07% over the last week, with a monthly amount glided 5.12%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Citigroup Announces Full Redemption of Series J Preferred Stock. In a post published today on Yahoo Finance, Citigroup Inc. is redeeming, in whole, the remaining 22,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) (the “Preferred Stock”) and the corresponding Series J Depositary Shares representing interests in the Preferred Stock, equivalent to $550 million aggregate liquidation preference. 16,000 shares of the Preferred Stock and the related Depositary Shares, equivalent to $400 million aggregate liquidation preference, were previously redeemed on December 29, 2023.
From an analyst’s perspective:
Citigroup Inc [NYSE: C] stock has seen the most recent analyst activity on February 14, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $63 from $56. Previously, Morgan Stanley upgraded its rating to Overweight on January 30, 2024, and elevated its price target to $65. On January 10, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $57 on the stock. HSBC Securities upgraded its rating to a Buy and increased its price target to $61 on January 09, 2024. Societe Generale downgraded its rating to a Sell. Wolfe Research upgraded its rating to Outperform for this stock on January 03, 2024, but kept the price target unchanged to $58. In a note dated December 18, 2023, Daiwa Securities upgraded an Buy rating on this stock but restated the target price of $63.
This stock has fluctuated between a low of $38.17 and a high of $57.95 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $69.25 within the next 12 months. Citigroup Inc [NYSE: C] shares were valued at $57.29 at the most recent close of the market. An investor can expect a potential return of 20.88% based on the average C price forecast.
Analyzing the C fundamentals
Trailing Twelve Months sales for Citigroup Inc [NYSE:C] were 157.91B which represents 32.27% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.48%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.04 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.88.
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 56.35 points at the first support level, and at 55.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.89, and for the 2nd resistance point, it is at 58.49.
Citigroup Inc [C] reported earnings per share of $0.84 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.81/share, meaning a difference of $0.03 and a surprise factor of 3.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.63 per share as compared to estimates of $1.21 per share, a difference of $0.42 representing a surprise of 34.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Citigroup Inc [NYSE:C] is 1.49. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 0.58 and price to earnings (TTM) ratio is 14.32.
Transactions by insiders
Recent insider trading involved MORTON ANDREW JOHN, Head of Markets, that happened on Oct 18 ’23 when 28096.0 shares were sold. Chief Risk Officer, Turek Zdenek completed a deal on Apr 18 ’23 to sell 12000.0 shares.
