Citigroup Inc. [C] stock Downgrade by Credit Suisse analyst, price target now $58

Related

Citigroup Inc. [NYSE: C] loss -4.52% on the last trading session, reaching $47.71 price per share at the time. The company report on June 9, 2022 that Chesapeake Utilities Corporation Announces New Diversity Officer.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) announced today that Sharon Grant joined the Company as assistant vice president and diversity officer, effective June 6.

Grant will oversee Chesapeake Utilities’ equity, diversity and inclusion (EDI) strategy and initiatives, including its EDI Council and employee resource groups, while also collaborating across the organization with the teams responsible for the enterprise-wide environmental, social and governance plan. In addition, Grant will lead efforts to improve the employee experience at Chesapeake Utilities, with a focus on employee engagement and enhancing Company culture to foster an environment that promotes wellness, inclusion and belonging. .

Citigroup Inc. represents 1.97 billion in outstanding shares, while the company has a total market value of $97.04 billion with the latest information. C stock price has been found in the range of $47.37 to $49.15.

If compared to the average trading volume of 24.64M shares, C reached a trading volume of 28857170 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $65.42 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 2.40. 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 Neutral, with their previous recommendation back on May 27, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $75 to $60. The new note on the price target was released on March 28, 2022, representing the official price target for Citigroup Inc. stock. Previously, the target price had yet another drop from $79 to $60, while Jefferies kept a Hold rating on C stock. On March 03, 2022, analysts decreased their price target for C shares from 81 to 64.

The Average True Range (ATR) for Citigroup Inc. is set at 1.76, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 1.90. The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 472.62. Price to Free Cash Flow for C in the course of the last twelve months was 6.11.

Trading performance analysis for C stock

Citigroup Inc. [C] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.05. With this latest performance, C shares gained by 0.10% in over the last four-week period, additionally sinking by -23.22% over the last 6 months – not to mention a drop of -37.62% 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 36.22, with the RSI for the last a single of trading hit 28.96, and the three-weeks RSI is set at 39.30 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 50.89, while it was recorded at 50.52 for the last single week of trading, and 61.70 for the last 200 days.

Citigroup Inc. [C]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Citigroup Inc. [C] shares currently have an operating margin of +34.52. Citigroup Inc.’s Net Margin is presently recorded at +27.18.

Return on Equity for this stock inclined to 10.86, with Return on Assets sitting at 0.96.

Citigroup Inc. [C]: An earnings per share (EPS) analysis

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 -9.77%.

An analysis of insider ownership at Citigroup Inc. [C]

There are presently around $68,835 million, or 76.10% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 168,683,301, which is approximately 2.241% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 164,865,664 shares of the stock with an approximate value of $7.87 billion in C stocks shares; and STATE STREET CORP, currently with $4.45 billion in C stock with ownership of nearly 1.351% of the company’s market capitalization.

845 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 114,001,695 shares. Additionally, 912 investors decreased positions by around 167,977,796 shares, while 213 investors held positions by with 1,160,807,169 shares. The mentioned changes placed institutional holdings at 1,442,786,660 shares, according to the latest SEC report filing. C stock had 134 new institutional investments in for a total of 60,302,380 shares, while 193 institutional investors sold positions of 20,293,018 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]