9 Analysts Assess Citigroup: What You Need To Know

Citigroup Inc. -0.51%

Citigroup Inc.

C

63.25

-0.51%

In the last three months, 9 analysts have published ratings on Citigroup (NYSE:C), offering a diverse range of perspectives from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 4 4 0 0
Last 30D 0 1 0 0 0
1M Ago 1 2 2 0 0
2M Ago 0 0 2 0 0
3M Ago 0 1 0 0 0

Analysts have recently evaluated Citigroup and provided 12-month price targets. The average target is $64.44, accompanied by a high estimate of $93.00 and a low estimate of $47.00. This upward trend is apparent, with the current average reflecting a 9.22% increase from the previous average price target of $59.00.

price target chart

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
Betsy Graseck Morgan Stanley Raises Overweight $65.00 $46.00
Chris Kotowski Oppenheimer Raises Outperform $93.00 $85.00
Scott Siefers Piper Sandler Raises Neutral $56.00 $53.00
Saul Martinez HSBC Announces Buy $61.00 -
Steven Chubak Wolfe Research Announces Outperform $58.00 -
Jason Goldberg Barclays Raises Equal-Weight $63.00 $59.00
Richard Ramsden Goldman Sachs Raises Neutral $52.00 $47.00
Richard Ramsden Goldman Sachs Raises Neutral $47.00 $41.00
Chris Kotowski Oppenheimer Raises Outperform $85.00 $82.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Citigroup. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Citigroup compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Citigroup's stock. This examination reveals shifts in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Citigroup's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Citigroup analyst ratings.

Get to Know Citigroup Better

Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the institutional clients group and the personal banking and wealth-management group. 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: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Negative Revenue Trend: Examining Citigroup's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -11.68% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.

Net Margin: Citigroup's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -12.72%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Citigroup's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.17%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Citigroup's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.09%, the company may face hurdles in achieving optimal financial performance.

Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.73, caution is advised due to increased financial risk.

The Significance of Analyst Ratings Explained

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

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.

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