For Citigroup Inc. [C], Analyst sees a drop to $83. What next?

Citigroup Inc. [NYSE: C] closed the trading session at $68.45 on 06/21/21. The day’s price range saw the stock hit a low of $67.88, while the highest price level was $69.09. The company report on June 22, 2021 that Citi Appointed Depositary Bank for Kanzhun Limited’s Sponsored ADS Program.

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Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by Kanzhun Limited (“Kanzhun”), a leading online recruitment platform in China, as the depositary bank for its American Depositary Shares (ADS) program.

Kanzhun’s program was established in connection with an approximately $1,048.8 million initial public offering of its ADSs (inclusive of the over-allotment option), priced at $19 per ADS. The ADSs are listed on the NASDAQ under the symbol “BZ”. Each ADS represents 2 Class A ordinary shares of Kanzhun. As a single-listed ADS program, the underlying ordinary shares are not listed or publicly traded in the issuer’s home market.

The stocks have a year to date performance of 11.01 percent and weekly performance of -8.93 percent. The stock has been moved at 13.99 percent over the last six months. The stock has performed -10.17 percent around the most recent 30 days and changed -4.88 percent over the most recent 3-months.

If compared to the average trading volume of 19.03M shares, C reached to a volume of 29791638 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Citigroup Inc. [C]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for C shares is $85.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on C stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Citigroup Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 16, 2021. The new note on the price target was released on April 05, 2021, representing the official price target for Citigroup Inc. stock. On January 21, 2021, analysts increased their price target for C shares from 55 to 70.

The Average True Range (ATR) for Citigroup Inc. is set at 1.84, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 469.87. Price to Free Cash Flow for C in the course of the last twelve months was 7.19.

C stock trade performance evaluation

Citigroup Inc. [C] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.93. With this latest performance, C shares dropped by -10.17% in over the last four-week period, additionally plugging by 13.99% over the last 6 months – not to mention a rise of 29.35% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for C stock in for the last two-week period is set at 25.32, with the RSI for the last a single of trading hit 18.17, and the three-weeks RSI is set at 32.23 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 74.64, while it was recorded at 70.04 for the last single week of trading, and 61.87 for the last 200 days.

Citigroup Inc. [C]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Citigroup Inc. [C] shares currently have an operating margin of +15.52. Citigroup Inc.’s Net Margin is presently recorded at +12.36.

Return on Total Capital for C is now 1.60, given the latest momentum, and Return on Invested Capital for the company is 2.55. Return on Equity for this stock inclined to 5.60, with Return on Assets sitting at 0.52. When it comes to the capital structure of this company, Citigroup Inc. [C] has a Total Debt to Total Equity ratio set at 352.65. Additionally, C Total Debt to Total Capital is recorded at 77.91, with Total Debt to Total Assets ending up at 31.04. Long-Term Debt to Equity for the company is recorded at 142.02, with the Long-Term Debt to Total Capital now at 28.31.

Reflecting on the efficiency of the workforce at the company, Citigroup Inc. [C] managed to generate an average of $52,352 per employee.

Earnings per share (EPS) analysis for Citigroup Inc. [C] stock

With the latest financial reports released by the company, Citigroup Inc. posted 0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0.28/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 78.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for C. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Citigroup Inc. go to 18.68%.

Citigroup Inc. [C]: Insider Ownership positions

There are presently around $108,961 million, or 78.70% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 169,873,584, which is approximately 0.934% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 160,204,580 shares of the stock with an approximate value of $10.97 billion in C stocks shares; and STATE STREET CORP, currently with $6.42 billion in C stock with ownership of nearly 5.649% of the company’s market capitalization.

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903 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 96,173,168 shares. Additionally, 737 investors decreased positions by around 89,106,704 shares, while 194 investors held positions by with 1,406,546,811 shares. The mentioned changes placed institutional holdings at 1,591,826,683 shares, according to the latest SEC report filing. C stock had 208 new institutional investments in for a total of 9,777,364 shares, while 104 institutional investors sold positions of 12,949,537 shares during the same period.

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