Last Updated: 18 Sep 2024
Executive Summary
Citigroup Inc. (NYSE: C) is a leading global financial services company with a market capitalization of $113.11 billion. The company's stock price currently trades at $59.29, within its 52-week range of $36.65 to $67.16. Citigroup has a strong fundamental profile, with a trailing P/E ratio of 16.38, a forward P/E ratio of 8.18, and a dividend yield of 0.0363%. The company's technical analysis indicates a bullish trend, with the stock price trading above its 50-day and 200-day moving averages. Analysts are generally positive on Citigroup, with a consensus rating of "Buy."
Company Overview
Citigroup Inc. is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is incorporated in Delaware.
Fundamental Analysis
Citigroup's financial performance has been solid in recent quarters. The company reported revenue of $69.75 billion and diluted EPS of $3.62 in the latest quarter. The company's profit margin is 0.119%, and its return on assets is 0.0035%. Citigroup has a strong balance sheet, with total assets of $2.44 trillion and total liabilities of $2.06 trillion. The company's debt-to-equity ratio is 0.85.
Technical Analysis
Citigroup's stock price has been trending higher in recent months. The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish sign. The stock's relative strength index (RSI) is also in bullish territory, indicating that the stock is not overbought.
Short Term Outlook
Citigroup's stock price is expected to continue to trend higher in the short term. The stock's technical indicators are bullish, and the company's fundamentals are solid. The stock's price target is $64.44, which represents a potential upside of 8.6%.
Long Term Outlook
Citigroup's long-term outlook is also positive. The company is well-positioned to benefit from the growing global economy. The company's strong brand name and global reach will continue to drive growth. The stock's price target is $75.00, which represents a potential upside of 26.7%.
Analyst Recommendations
Analysts are generally positive on Citigroup. The consensus rating is "Buy," with a price target of $64.44. Five analysts have a "Strong Buy" rating, 11 analysts have a "Buy" rating, seven analysts have a "Hold" rating, and zero analysts have a "Sell" or "Strong Sell" rating.
