JMP Securities Lowers Citigroup to Underperform (C)

By admin | 6 years ago

Citigroup (NYSE: C) was downgraded by investment analysts at JMP Securities from a “market perform” rating to an “underperform” rating in a note issued to investors on Monday. They currently have a $23.00 target price on the stock.

Citigroup traded up 3.35% on Monday, hitting $27.13. Citigroup has a 1-year low of $21.40 and a 1-year high of $43.06. The company has a market cap of $79.549 billion and a price-to-earnings ratio of 7.31.

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

C has been the subject of a number of other recent research reports. 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. Separately, analysts at Meredith Whitney upgraded shares of Citigroup from an “underperform” rating to a “hold” rating in a research note to investors on Tuesday, April 17th. Finally, analysts at UBS AG (NYSE: UBS) raised their EPS on shares of Citigroup in a research note to investors on Tuesday, April 17th. They now have a “buy” rating and a $45.00 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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