why Citigroup Inc. [C] is a Good Choice for Investors After New Price Target of $61.27

Citigroup Inc. [NYSE: C] plunged by -$2.28 during the normal trading session on Friday and reaching a high of $52.34 during the day while it closed the day at $49.78. The company report on August 26, 2022 that Citi Named Best Bank in Asia at the Euromoney Awards for Excellence.

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Citi has been awarded Asia’s Best Bank for 2022 at the Euromoney Awards for Excellence.

The award, decided by the editors of the magazine, recognises the bank that has made the most progress in the region over the last 12 months. Regionally, Citi also picked up Best Bank for Financing and Best Bank for Transaction Services in Asia.

Citigroup Inc. stock has also loss -5.38% of its value over the past 7 days. However, C stock has declined by -7.97% in the 3 months of the year. Over the past six months meanwhile, it has lost -19.68% and lost -17.57% year-on date.

The market cap for C stock reached $100.82 billion, with 1.94 billion shares outstanding and 1.93 billion shares in the current float. Compared to the average trading volume of 19.69M shares, C reached a trading volume of 19975808 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 $61.27 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 1.19, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 1.86. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 480.73. Price to Free Cash Flow for C in the course of the last twelve months was 3.94.

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 -5.38. With this latest performance, C shares dropped by -4.69% in over the last four-week period, additionally sinking by -19.68% over the last 6 months – not to mention a drop of -31.28% 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 40.42, with the RSI for the last a single of trading hit 33.19, and the three-weeks RSI is set at 44.60 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 50.02, while it was recorded at 51.01 for the last single week of trading, and 56.21 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 +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.

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

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 -10.62%.

Citigroup Inc. [C]: Insider Ownership positions

There are presently around $69,718 million, or 74.00% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 164,361,727, which is approximately -2.562% of the company’s market cap and around 0.21% of the total institutional ownership; BLACKROCK INC., holding 162,806,013 shares of the stock with an approximate value of $8.1 billion in C stocks shares; and STATE STREET CORP, currently with $4.27 billion in C stock with ownership of nearly -8.026% of the company’s market capitalization.

838 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 74,304,078 shares. Additionally, 839 investors decreased positions by around 118,695,464 shares, while 198 investors held positions by with 1,207,532,098 shares. The mentioned changes placed institutional holdings at 1,400,531,640 shares, according to the latest SEC report filing. C stock had 118 new institutional investments in for a total of 12,107,748 shares, while 195 institutional investors sold positions of 7,389,622 shares during the same period.


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