Wells Fargo Gives Outperform Rating to Citigroup (C)
Posted by Nolan Pearson on Jan 7th, 2013 // No Comments
Wells Fargo reaffirmed their outperform rating on shares of Citigroup (NYSE: C) in a research note released on Monday morning.
C has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a buy rating on shares of Citigroup in a research note to investors on Friday. They now have a $46.00 price target on the stock, up previously from $40.00. Separately, analysts at Goldman Sachs upgraded shares of Citigroup to a buy rating in a research note to investors on Friday. They now have a $49.00 price target on the stock, up previously from $42.00. They also added the stock to their conviction buy list. Finally, analysts at Sterne Agee upgraded shares of Citigroup from a neutral rating to a buy rating in a research note to investors on Thursday. They now have a $50.00 price target on the stock.
Twenty investment analysts have rated the stock with a buy rating, four have assigned an overweight rating, seven have assigned a hold rating, one has assigned an underweight rating, and one has given a sell rating to the stock. Citigroup currently has a consensus rating of overweight and an average price target of $45.85.
Shares of Citigroup traded down 0.99% during mid-day trading on Monday, hitting $42.01. Citigroup has a one year low of $24.61 and a one year high of $42.54. The stock’s 50-day moving average is currently $37.57. The company has a market cap of $123.2 billion and a P/E ratio of 17.93.
Citigroup last released its earnings data on Monday, October 15th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.07. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Citigroup will post $3.90 EPS for the current fiscal year.
Citigroup Inc. is a global diversified financial services holding company whose businessesprovide consumers, corporations, governments and institutions with a broad range of financial products and services.
Citi Fourth Quarter 2012 Earnings Review
New York – Citigroup will issue its fourth quarter results via press release at approximately 8 a.m. (ET) on Thursday, January 17, 2013. At 11 a.m. (ET), results will be reviewed via live webcast and teleconference.
The press release, webcast and presentation materials will be available at www.citigroup.com/citi/investor
A replay and transcript of the webcast will be available shortly after the event.