Ratings for Citigroup C were provided by 12 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 7 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 2 | 0 | 0 |
| 2M Ago | 3 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Citigroup, revealing an average target of $74.25, a high estimate of $88.00, and a low estimate of $63.00. Surpassing the previous average price target of $68.67, the current average has increased by 8.13%.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Citigroup. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Chris Kotowski | Oppenheimer | Lowers | Outperform | $86.00 | $87.00 |
| Scott Siefers | Piper Sandler | Raises | Overweight | $70.00 | $67.00 |
| Chris Kotowski | Oppenheimer | Lowers | Outperform | $87.00 | $88.00 |
| Ken Usdin | Jefferies | Raises | Hold | $65.00 | $56.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Market Perform | $66.00 | $54.00 |
| Mike Mayo | Wells Fargo | Maintains | Overweight | $80.00 | $80.00 |
| Saul Martinez | HSBC | Raises | Buy | $70.00 | $61.00 |
| Mike Mayo | Wells Fargo | Raises | Overweight | $80.00 | $70.00 |
| Chris Kotowski | Oppenheimer | Lowers | Outperform | $88.00 | $95.00 |
| Richard Ramsden | Goldman Sachs | Raises | Buy | $68.00 | $55.00 |
| Richard Ramsden | Goldman Sachs | Raises | Buy | $68.00 | $55.00 |
| Scott Siefers | Piper Sandler | Raises | Overweight | $63.00 | $56.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Citigroup. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Citigroup compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Citigroup's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Citigroup's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Citigroup analyst ratings.
Unveiling the Story Behind Citigroup
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Citigroup's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Citigroup's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.96% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Citigroup's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 15.98%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Citigroup's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.79%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.14%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.68, Citigroup adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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