Odeon lifts Citigroup Inc. [C] price estimate. Who else is bullish?

Citigroup Inc. [NYSE: C] loss -0.68% on the last trading session, reaching $48.11 price per share at the time. The company report on September 15, 2022 that Sharp Energy Expands Further into North Carolina with new Sharp AutoGas Fueling Station.

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Chesapeake Utilities Corporation (NYSE: CPK) subsidiary Sharp Energy celebrated the opening of a new fueling station in Dunn, North Carolina, on Wednesday, Sept. 14, with a ribbon-cutting ceremony.

The facility is the first Sharp AutoGas fueling station dispensing propane autogas in North Carolina. The newly constructed fueling station is located at 17220 U.S. Route 421 in Dunn, North Carolina, and is one of 60 propane fueling stations operated by Sharp AutoGas. Other stations are in Pennsylvania, Delaware, Maryland, Virginia and Florida. Propane autogas is a cleaner-burning alternative vehicle fuel that substantially reduces greenhouse gases and other harmful emissions when compared to gasoline or diesel fuel.

Citigroup Inc. represents 1.94 billion in outstanding shares, while the company has a total market value of $93.81 billion with the latest information. C stock price has been found in the range of $47.47 to $48.24.

If compared to the average trading volume of 18.83M shares, C reached a trading volume of 19933219 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 $61.33 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.

Odeon have made an estimate for Citigroup Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 06, 2022. The new note on the price target was released on May 27, 2022, representing the official price target for Citigroup Inc. stock. Previously, the target price had yet another drop from $75 to $60, while Morgan Stanley kept a Underweight rating on C stock. On March 07, 2022, analysts decreased their price target for C shares from 79 to 60.

The Average True Range (ATR) for Citigroup Inc. is set at 1.26, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 1.73. The Price to Book ratio for the last quarter was 0.52, with the Price to Cash per share for the same quarter was set at 499.33. Price to Free Cash Flow for C in the course of the last twelve months was 3.67.

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 -5.05. With this latest performance, C shares dropped by -10.51% in over the last four-week period, additionally sinking by -16.02% over the last 6 months – not to mention a drop of -31.27% 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 38.35, with the RSI for the last a single of trading hit 34.61, and the three-weeks RSI is set at 41.55 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 50.61, while it was recorded at 48.97 for the last single week of trading, and 54.95 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 -11.10%.

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

There are presently around $67,383 million, or 73.90% 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 $7.83 billion in C stocks shares; and STATE STREET CORP, currently with $4.13 billion in C stock with ownership of nearly -8.026% of the company’s market capitalization.

Positions in Citigroup Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 840 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 74,314,746 shares. Additionally, 837 investors decreased positions by around 118,664,043 shares, while 197 investors held positions by with 1,207,615,622 shares. The mentioned changes placed institutional holdings at 1,400,594,411 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 7,390,989 shares during the same period.


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