How should investors evaluate Citigroup Inc (NYSE:C)?

In yesterday’s Wall Street session, Citigroup Inc (NYSE:C) shares traded at $45.26, down -0.22% from the previous session.

As of this writing, 26 analysts cover Citigroup Inc (NYSE:C). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $41.00, we find $46.50. Given the previous closing price of $45.36, this indicates a potential upside of 2.51 percent. C stock price is now 9.78% away from the 50-day moving average and 0.02% away from the 200-day moving average. The market capitalization of the company currently stands at $86.62B.

There are 16 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $50.07 as their price target over the next twelve months.

With the price target of $43, HSBC Securities recently initiated with Hold rating for Citigroup Inc (NYSE: C).

In other news, MORTON ANDREW JOHN, Head of Markets sold 28,096 shares of the company’s stock on Oct 18. The stock was sold for $1,142,397 at an average price of $40.66. Upon completion of the transaction, the Head of Markets now directly owns 410,060 shares in the company, valued at $18.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18, Chief Risk Officer Turek Zdenek sold 12,000 shares of the business’s stock. A total of $598,440 was realized by selling the stock at an average price of $49.87. This leaves the insider owning 155,979 shares of the company worth $7.06 million. Insiders disposed of 233,472 shares of company stock worth roughly $10.57 million over the past 1 year. A total of 0.26% of the company’s stock is owned by insiders.

Monday morning saw Citigroup Inc (NYSE: C) opened at $45.28. During the past 12 months, Citigroup Inc has had a low of $38.17 and a high of $53.23. The fifty day moving average price for C is $41.23 and a two-hundred day moving average price translates $45.25 for the stock.

The latest earnings results from Citigroup Inc (NYSE: C) was released for Sep, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.49, beating analysts’ expectations of $1.11 by 0.38. This compares to $1.63 EPS in the same period last year. The net profit margin was 8.32% and return on equity was 6.59% for C. The company reported revenue of $34.84 billion for the quarter, compared to $19.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 74.89 percent. For the current quarter, analysts expect C to generate $17.63B in revenue.

Citigroup Inc(C) Company Profile

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates through three segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), and Legacy Franchises. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative, equity and fixed income research, corporate lending, investment banking and advisory, private banking, cash management, trade finance, and securities services to corporate, institutional, and public sector clients. The PBWM segment offers traditional banking services to retail and small business customers through retail banking, cash, rewards, value portfolios, and co-branded cards. It also provides various banking, credit cards, custody, trust, mortgages, home equity, small business, and personal consumer loans. The Legacy Franchises segment provides traditional retail banking and branded card products to retail and small business customers. The company was founded in 1812 and is headquartered in New York, New York.