Analyst Expectations For Citigroup's Future

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Citigroup C has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

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 1 6 2 0 0
Last 30D 0 1 0 0 0
1M Ago 0 0 0 0 0
2M Ago 0 1 0 0 0
3M Ago 1 4 2 0 0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $74.44, along with a high estimate of $87.00 and a low estimate of $65.00. Observing a 7.02% increase, the current average has risen from the previous average price target of $69.56.

Diving into Analyst Ratings: An In-Depth Exploration

The standing of Citigroup among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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
Gerard Cassidy RBC Capital Raises Outperform $66.00 $63.00
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

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Citigroup. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey 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.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Citigroup's market position. Stay informed and make well-informed decisions with 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.

A Deep Dive into Citigroup's Financials

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Revenue Growth: Citigroup displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 3.38%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 14.44%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): Citigroup's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.62%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.13%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Citigroup's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.68, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

The Core of Analyst Ratings: What Every Investor Should Know

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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