Taking into account all relevant factors, Citigroup Inc. (NYSE:C) scores 100% Buy on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for C averaged 100% Buy with an average daily trading volume over the past 20 days at 12623419 shares. Those using medium-term investment strategies, the shares have overall a 1% Buy signal while the 50-day average daily volume remained almost 11578760 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 12160180 shares, is signaling100% Buy for long term investors.
The stock is lingering around the initial support level of $80.63. After this, the following support is at the zone of $80.02. Up until the time the C stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 62.04 on the daily chart, and this may be a cause for concern. In case the price goes below $80.02 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $81.95 level may cause a pull-back move approaching $82.66 mark.
Citigroup Inc. (C) is most likely going to rise 9.89 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $124 as 12-month high price target. This represents a whopping 52.94 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $92, which means a return possibility of 13.47 percent in comparison with the closing price of the stock of $81.08 in recent trading session. The lowest price set for the stock is $56 which is just above -30.93 percent from C share’s price at the end of session.
Let’s take a glimpse at some insider activity at Citigroup Inc. (NYSE:C) and observe the pattern. The earliest insider trade happened on 08/27/2019. Whitaker Michael parted with a total of 7.5 thousand shares of the firm at average share price of $62.03. The total amount for the sale was set at $465.23 thousand. On completing this exchange, the Head of Enterprise O&T account balance was 100.85 thousand shares. The stock grew 31.19 percent from that insider sale. On 04/22/2019, BIRD STEPHEN, CEO, Global Consumer Bank, did a sale of 30 thousand shares at a price of $69.33 per share. This got rid of 2.08 million shares from the insider’s fortune and the stock experienced a 17.38 percent rally in price since the news became public. This exchange saw 356.63 thousand shares get out from the CEO, Global Consumer Bank account. On 02/19/2019, CEO, Europe,Middle East&Africa Cowles James C recorded a sale transaction valued at $3.21 million. The sale at $64.26 a share has eliminated 50 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 26.64 percent increase since the transaction reporting date. The company insider is left with 114.34 thousand shares remaining in the account. Hu W. Bradford, who works as CHIEF RISK OFFICER at the company, performed a sale of 5.42 thousand shares in a transaction worth $348.34 thousand. The disposal recorded on 02/15/2019 was priced at $64.27 per share. The stock price soared 26.62 percent since the transaction. Hu W. Bradford currently holds a stake of 94.83 thousand in C stock which is worth $7.69 million after the insider selling.
In the recent trading session, Citigroup Inc. (NYSE:C) shares lost -0.19% or -0.16 points to reach at $81.08 with a thin trading volume of 2.543 million shares. It opened the trading session at $81.73, the shares rose to $82.05 and dropped to $80.73, the range by which the price of stock traded the whole session. The company now has a market cap of $179 billion and currently has 2.21 billion outstanding shares. Citigroup Inc. (C) stock has accumulated 6.35 percent of market value in 21 trading days.
Stock analysts at DA Davidson, assumed coverage of shares of Citigroup Inc. (NYSE:C) with Buy recommendation, according to their opinion released on January 09. Goldman analysts again handed out a Buy rating to C shares but they lifted target price for the firm in a flash note to investors on January 06. The price target has been raised from $84 to the new $88. Goldman, analysts launched coverage of C shares with a Buy recommendation, according to their flash note to investors on January 06. Analysts at Deutsche Bank downgraded the company stock to a Hold call from its previous Buy stance, in a flash note that dated back to January 06.
C stock’s trailing 3-year beta is 1.77, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $7.61 share in the trailing 52 weeks. The stock’s value surged 1.69 percent year to date (YTD) compared to a rise of 32.36 percent in 52 week’s period. The firm’s shares are still trading -2.44 percent below its 1-year high of $83.11 and 35.03 percent up from 52-week low of $60.05. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Citigroup Inc. (C) shares are trading at a P/E ratio of 9.86 times earnings posted in the trailing 12 months. The industry C deals with has an average P/E of 14.36. Its P/B ratio is standing at 0.96X compared to the 1.7 industry average. It is additionally sporting a 1.63 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.58.
Past records have indicated that shares in Citigroup Inc. declined on 20 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of C’s Q1 earnings on April 15. Analysts are predicting revenue to climb 2.7 percent to $19.1B in the financial first quarter, while EPS will soar by about 13.9 percent to $2.13 per share. In the last quarter, it’s earnings of $1.97 per share came better than the $1.95015, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $18.38B, topping the $17.93B analysts had expected. Earnings are seen to rise by 22.4 percent this year, 8.69 percent in the coming year and the trend continues by 13.06 percent every year in the next 5 years.