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

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Citigroup Inc [NYSE: C] closed the trading session at $62.31.

The stocks have a year to date performance of 21.13 percent and weekly performance of -1.13 percent. The stock has been moved at 36.20 percent over the last six months. The stock has performed 1.56 percent around the most recent 30 days and changed 12.07 percent over the most recent 3-months.

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If compared to the average trading volume of 13.82M shares, C reached to a volume of 17293338 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 $68.97 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 1.78. 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.

Evercore ISI have made an estimate for Citigroup Inc shares, keeping their opinion on the stock as In-line, with their previous recommendation back on April 04, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $70 to $80. The new note on the price target was released on March 25, 2024, representing the official price target for Citigroup Inc stock. Previously, the target price had yet another raise to $68, while Goldman analysts kept a Buy rating on C stock. On February 14, 2024, analysts increased their price target for C shares from 56 to 63.

The Average True Range (ATR) for Citigroup Inc is set at 1.18, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 0.63.

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 -1.13. With this latest performance, C shares gained by 1.56% in over the last four-week period, additionally plugging by 36.20% over the last 6 months – not to mention a rise of 40.59% 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 48.76, with the RSI for the last a single of trading hit 44.74, and the three-weeks RSI is set at 51.48 for Citigroup Inc [C]. The present Moving Average for the last 50 days of trading for this stock 61.92, while it was recorded at 62.46 for the last single week of trading, and 51.19 for the last 200 days.

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

Citigroup Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.49.

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 10.00%.

Citigroup Inc [C]: Institutional Ownership

The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in C stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in C stock with ownership which is approximately 5.8386%.

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