Citigroup Inc [C] stock is trading at $60.71, up 0.88%. 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 lost -0.33% over the last week, with a monthly amount glided 5.67%, and seem to be holding up well over a long-time horizon.
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On 9, April 2024, Citigroup Announces $2.75 Billion Redemption of 3.352% Fixed Rate / Floating Rate Notes due 2025. In a post published today on Yahoo Finance, Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 3.352% Fixed Rate / Floating Rate Notes due 2025 (the “notes”) (ISIN: US172967MF56).
From an analyst’s perspective:
Citigroup Inc [NYSE: C] stock has seen the most recent analyst activity on April 04, 2024, when Evercore ISI reiterated its In-line rating and also boosted its price target to $60 from $58. Previously, Wells Fargo reaffirmed its Overweight rating on March 25, 2024, and elevated its price target to $80. On March 14, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $68 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $63 on February 14, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $65 on January 30, 2024. BMO Capital Markets downgraded its rating to Market Perform for this stock on January 10, 2024, but kept the price target unchanged to $57. In a note dated January 09, 2024, HSBC Securities upgraded an Buy rating on this stock and boosted its target price from $42 to $61.
Citigroup Inc [C] stock has fluctuated between $38.17 and $63.90 over the past year. Currently, Wall Street analysts expect the stock to reach $68.63 within the next 12 months. Citigroup Inc [NYSE: C] shares were valued at $60.71 at the most recent close of the market. An investor can expect a potential return of 13.05% based on the average C price forecast.
Analyzing the C fundamentals
Citigroup Inc [NYSE:C] reported sales of 157.91B for the trailing twelve months, which represents a growth of 32.27%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.88.
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 59.84 points at the first support level, and at 58.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.23, and for the 2nd resistance point, it is at 61.76.
Citigroup Inc [C] reported earnings per share of $0.77 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 $0.74/share, meaning a difference of $0.03 and a surprise factor of 4.10%. 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
For context, Citigroup Inc’s Current Ratio is 1.49. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 0.62 and price to earnings (TTM) ratio is 15.17.
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.
