Citigroup Inc [NYSE: C] stock went on an upward path that rose over 3.56% on Friday, amounting to a one-week price increase of more than 4.95%.
Over the last 12 months, C stock rose by 58.30%. The one-year Citigroup Inc stock forecast points to a potential upside of 11.47. The average equity rating for C stock is currently 1.65, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $125.42 billion, with 1.90 billion shares outstanding and 1.90 billion shares in the current float. Compared to the average trading volume of 13.20M shares, C stock reached a trading volume of 15473006 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $74.26 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 1.65. 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 1.45, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 0.74. The Price to Book ratio for the last quarter was 0.66. Price to Free Cash Flow for C in the course of the last twelve months was 170.17.
C Stock Performance Analysis:
Citigroup Inc [C] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.95. With this latest performance, C shares gained by 14.67% in over the last four-week period, additionally plugging by 10.15% over the last 6 months – not to mention a rise of 58.30% 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 66.33, with the RSI for the last a single of trading hit 72.01, and the three-weeks RSI is set at 62.10 for Citigroup Inc [C]. The present Moving Average for the last 50 days of trading for this stock 60.58, while it was recorded at 63.84 for the last single week of trading, and 59.79 for the last 200 days.
Insight into Citigroup Inc Fundamentals:
Citigroup Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.43.
C Stock EPS
With the latest financial reports released by the company, Citigroup Inc posted 1.63/share EPS, while the average EPS was predicted by analysts to be reported at 1.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.42. 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 23.80%.
Citigroup Inc [C] Institutonal Ownership Details
There are presently around $72.46%, or 74.77%% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 167.92 million shares, which is approximately 8.7896%. BLACKROCK INC., holding 159.57 million shares of the stock with an approximate value of $$10.13 billion in C stocks shares; and BLACKROCK INC., currently with $$5.22 billion in C stock with ownership which is approximately 4.3028%.
