Citigroup Inc. (NYSE:C) stock is presently standing at about $57.69 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 28 analysts covering the company is $65.00, which suggests the stock could still rise over 11 percent. The highest analyst price target is $80.00, which implies a rally of 61 percent. And a quick view of analyst notes show that 13 are rating the stock a buy while 6 rate C a strong buy. There are 8 equity research firms advocating a Hold and 1 consider it Sell.
Standpoint Research analysts provided their view on Citigroup Inc. (NYSE:C) recently. The rating firm issued a Hold rating to this company in a research note released on Jan 10, 2017. Jefferies analysts disclosed their opinion on Citigroup Inc. (NYSE:C) recently. The rating firm gave a Hold rating to this stock in a research note published on Nov 28, 2016. According to a research note disclosed on Nov 18, 2016, analysts at Macquarie have lowered their rating on these shares from Outperform to Neutral.
Citigroup Inc. (NYSE:C) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Head of Human Resources MURRAY JOSEPH MICHAEL sold 8,122 company shares for $360000.21, in a transaction on 2016-07-20. Following the transaction, the Head of Human Resources is left with a stake of 360.21 shares, currently valued at $20781. Meanwhile, Director RODIN JUDITH sold 36 shares worth $1000.65, through a transaction dated 2016-05-24. Following the completion of the transaction, the insider is left with a stake of 38,546 shares, amounting $2223718.74. C CHIEF RISK OFFICER Hu W. Bradford also sold 9,528 shares, at a stock price of $45.83. This transaction occurred on 2016-04-20 totals $436000.67. After this transaction, the insider’s stake stands at 53,282 shares, with a market value of $3073839.
Executives hold 2.15 percent of the stock. Sanford I. Weill is one of the biggest insider owners in Citigroup Inc. (NYSE:C), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 16,518,365 shares which have current market value of around $952944476.85.Hernandez Roberto is another major inside shareholder in the company. The insider owns 6,000,000 shares as of 0.22%, currently worth $346140000. Mr. Alberto J. Verme is ranked as third insider holder of the stock. This insider holds 4,336,109 shares with a market value around $250150128.21 as of recent close.
Citigroup Inc. (NYSE:C) Earnings Outlook
In Citigroup Inc. (NYSE:C)’s latest quarter, EPS moved to $1.14 from $1.24 in preceding quarter and revenues reached at $17,012.00M compared to $17,760.00M. Analysts had expected Citigroup Inc. (NYSE:C) to post net income of about $1.12 per share on $17,303.50M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $1.18 to $1.44. That is compared with the $1.10 in EPS it reported during the same period a year ago.