Barclays has recently raised Citigroup Inc (C) stock to Overweight rating, as announced on January 6, 2025, according to Finviz. Earlier, on December 3, 2024, Keefe Bruyette had raised the stock from a Mkt Perform to Outperform, setting a price target of $82 for C stock. Evercore ISI also reiterated their previous rating with a price target of $60. Additionally, Wells Fargo reiterated Overweight rating on March 25, 2024, with a target price of $80. Goldman analysts, in their report published on March 14, 2024, also raised Buy rating for Citigroup Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Citigroup Inc (C) Stock Trading Recap
On Thursday, Citigroup Inc (C) stock saw a modest uptick, ending the day at $82.1 which represents a slight increase of $0.83 or 1.02% from the prior close of $81.27. The stock opened at $81.4 and touched a low of $80.78 during the day, reaching a high of $82.13. The volume of shares traded was 9.98 million falling short of the average volume of 14.13 million.
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C Stock Performance and Moving Averages
In recent trading, Citigroup Inc (C) stock price has shown some volatility, fluctuating -0.28% over the last five trades and 11.70% 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 41.19%, and it has gained 17.62% in the previous three months. Currently, C is trading at 1.54%, 9.08%, and 24.27% 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 -0.98% below its 52-week high but remains 57.16% above its 52-week low. The Average True Range (ATR) (14 days) of 1.76 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 financial health. The company currently boasts an operating margin of 10.23% and a profit margin of 6.72%, with a gross margin of 41.19%. 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 $154.11 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 13.79, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 8.67. Additionally, the Price-to-Sales Ratio is 0.9, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.84, 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 77.48%.
Notable insider trades include Henry Peter B., Director at Citigroup Inc (C), who sold 13000 shares on Nov 11 ’24, at $69.97 each, totaling $0.91 million. On Aug 20 ’24, LUCHETTI GONZALO, Head of U.S. Personal Banking, sold 13254 shares for $61.59 each, amounting to $0.82 million. Additionally, on Aug 15 ’24, Okpara Johnbull sold 25299 shares at $60.57 each, generating $1.53 million.
