Market Analysts see Citigroup Inc. [C] gaining to $85. Time to buy?

Citigroup Inc. [NYSE: C] jumped around 0.45 points on Monday, while shares priced at $71.52 at the close of the session, up 0.63%. The company report on August 5, 2021 that Chesapeake Utilities Corporation Reports Second Quarter 2021 Results.

– Double digit earnings growth results in strong second quarter and year-to-date performance.

– Earnings per share (“EPS”)* from continuing operations was $0.78 for the second quarter of 2021, an increase of $0.14, or 21.9 percent, compared to $0.64 for the second quarter of 2020.

Citigroup Inc. stock is now 15.99% up from its year-to-date (YTD) trading value. C Stock saw the intraday high of $71.9955 and lowest of $70.46 per share. The company’s 52-week high price is 80.29, which means current price is +24.60% above from all time high which was touched on 06/02/21.

Compared to the average trading volume of 20.58M shares, C reached a trading volume of 15507573 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $86.07 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.

Keefe Bruyette have made an estimate for Citigroup Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 07, 2021. While these analysts kept the previous recommendation, Credit Suisse dropped their target price from $84 to $83. The new note on the price target was released on June 16, 2021, representing the official price target for Citigroup Inc. stock.

The Average True Range (ATR) for Citigroup Inc. is set at 1.66, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 2.82. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 476.72. Price to Free Cash Flow for C in the course of the last twelve months was 10.35.

How has C stock performed recently?

Citigroup Inc. [C] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.60. With this latest performance, C shares gained by 4.49% in over the last four-week period, additionally plugging by 12.36% over the last 6 months – not to mention a rise of 37.22% 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 60.47, with the RSI for the last a single of trading hit 69.12, and the three-weeks RSI is set at 55.49 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 71.02, while it was recorded at 69.94 for the last single week of trading, and 65.86 for the last 200 days.

Citigroup Inc. [C]: Deeper insight into the 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 1.81, 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 252.61. Additionally, C Total Debt to Total Capital is recorded at 71.64, with Total Debt to Total Assets ending up at 22.23. Long-Term Debt to Equity for the company is recorded at 142.02, with the Long-Term Debt to Total Capital now at 36.34.

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

Earnings analysis for Citigroup Inc. [C]

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 28.35%.

Insider trade positions for Citigroup Inc. [C]

There are presently around $113,048 million, or 78.50% 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 $11.46 billion in C stocks shares; and STATE STREET CORP, currently with $6.71 billion in C stock with ownership of nearly 5.649% of the company’s market capitalization.

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915 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 92,075,259 shares. Additionally, 723 investors decreased positions by around 91,468,156 shares, while 200 investors held positions by with 1,397,102,156 shares. The mentioned changes placed institutional holdings at 1,580,645,571 shares, according to the latest SEC report filing. C stock had 182 new institutional investments in for a total of 8,930,970 shares, while 116 institutional investors sold positions of 10,085,488 shares during the same period.

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