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

A share price of Citigroup Inc [C] is currently trading at $64.37, up 1.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The C shares have lost -0.80% over the last week, with a monthly amount glided 4.53%, and seem to be holding up well over a long-time horizon.

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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 experienced fluctuations in its stock price throughout the past year between $38.17 and $67.81. Currently, Wall Street analysts expect the stock to reach $68.92 within the next 12 months. Citigroup Inc [NYSE: C] shares were valued at $64.37 at the most recent close of the market. An investor can expect a potential return of 7.07% based on the average C price forecast.

Analyzing the C fundamentals

Trailing Twelve Months sales for Citigroup Inc [NYSE:C] were 168.41B which represents 11.86% growth. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.04 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.0.

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 63.26 points at the first support level, and at 62.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.57, and for the 2nd resistance point, it is at 66.76.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Citigroup Inc [NYSE:C] is 1.40. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 0.65 and price to earnings (TTM) ratio is 17.97.

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.

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