Evercore ISI has recently reiterated Citigroup Inc (C) stock rating, as announced on April 4, 2024, according to Finviz. Earlier, on March 25, 2024, Wells Fargo had reiterated the stock to Overweight, setting a price target of $80 for C stock. Goldman also raised Buy rating with a price target of $68. Additionally, Piper Sandler raised Overweight rating on February 14, 2024, with a target price of $63. Morgan Stanley analysts, in their report published on January 30, 2024, also raised Overweight rating and set a price target of $46 for Citigroup Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Citigroup Inc (C) Stock Trading Recap
On Tuesday, Citigroup Inc (C) stock saw a modest uptick, ending the day at $63.67 which represents a slight increase of $1.32 or 2.12% from the prior close of $62.35. The stock opened at $63 and touched a low of $62.73 during the day, reaching a high of $63.74. The volume of shares traded was 12.48 million falling short of the average volume of 12.81 million.
C Stock Performance and Moving Averages
In recent trading, Citigroup Inc (C) stock price has shown some volatility, fluctuating -1.58% over the last five trades and 1.71% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 2.69%, and it has gained 13.47% in the previous three months. Currently, C is trading at -0.01%, 2.69%, and 4.85% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, C, a Financial sector stock, is trading -6.11% below its 52-week high but remains 54.22% above its 52-week low. The Average True Range (ATR) (14 days) of 1.49 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Citigroup Inc’s Profitability and Valuation Ratios
Citigroup Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 7.11% and a profit margin of 3.95%, with a gross margin of 2.69%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Citigroup Inc’s market capitalization stands at $120.42 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 18.39, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 8.84. Additionally, the Price-to-Sales Ratio is 0.71, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.62, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.27% of Citigroup Inc (C)’s shares, while financial institutions hold 75.49%.
Notable insider trades include LUCHETTI GONZALO, Head of U.S. Personal Banking at Citigroup Inc (C), who sold 13254 shares on Aug 20 ’24, at $61.59 each, totaling $0.82 million. On Aug 15 ’24, Okpara Johnbull, Controller & Chief Acc Officer, sold 25299 shares for $60.57 each, amounting to $1.53 million.
