Keefe Bruyette raised the price target for the Citigroup Inc. (NYSE:C) stock to “an Outperform”. The rating was released on July 07, 2021. We previously noted in another research note published on June 16, 2021 by Credit Suisse that reiterated the stock to an Outperform with a price target of $83 for C stock. In their research brief published January 21, 2021, Berenberg analysts downgraded the Citigroup Inc. stock from Buy to Hold with a price target of $70.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Citigroup Inc. (NYSE:C) dipped -0.41% to close Wednesday’s market session at $67.93, lower as compared to yesterday’s close. The stock price fluctuated between $67.2645 and $68.37 throughout the trading session with the volume trading being 19292090 shares, which represented a significant variation when compared to the three months average volume of 19.93 million shares. The firm’s stock price fluctuated -2.51% within the last five trades and -14.35% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.10% in the last 6 months and -6.55% was subtracted to its value over the previous 3 months. C stock is trading at a margin of -5.59%, -8.66% and 7.97% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, C deals in the Financial domain. The stock is trading -15.39 percent below its 52-week high and 67.77 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 27.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Citigroup Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 64.00 percent and the profit margin is 28.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $141.61 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Citigroup Inc. (NYSE:C) is 9.31. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.30. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.65 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.78, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of Citigroup Inc. shares are owned by insiders, and 78.50 percent are held by financial institutions. Whitaker Michael, the Head of Enterprise O&T at Citigroup Inc. (C) has sold 7,000 shares of firm on May 07 at a price of $74.47 against the total amount of $0.52 million. In another inside trade, Whitaker Michael, Head of Enterprise O&T of Citigroup Inc. (NYSE:C) sold 13,313 shares of the firm on May 07 for a total worth of $0.99 million at a price of $74.60. An inside trade which took place on May 07, Director of Citigroup Inc. REINER GARY M sold 18,000 shares of firm against total price of $1.33 million at the cost of $73.96 per share.