Citigroup Rating Lowered to Outperform at Raymond James (C)

By admin | 6 years ago

Citigroup (NYSE: C) was downgraded by research analysts at Raymond James (NYSE: RJF) from a “strong-buy” rating to an “outperform” rating in a report released on Tuesday.

Shares of Citigroup traded up 4.70% during mid-day trading on Tuesday, hitting $26.96. Citigroup has a one year low of $21.40 and a one year high of $43.06. The company has a market cap of $79.051 billion and a P/E ratio of 7.17.

Citigroup last issued its quarterly earnings data on Monday, April 16th. The company reported $0.95 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.00 by $0.05. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts predict that Citigroup will post $0.98 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at ISI Group reiterated a “buy” rating on shares of Citigroup in a research note to investors on Monday, May 21st. They now have a $40.00 price target on the stock. Separately, analysts at JMP Securities downgraded shares of Citigroup from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, May 21st. They now have a $23.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Citigroup from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, April 18th. They now have a $37.00 price target on the stock.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services.

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