Press coverage about Citigroup (NYSE:C) has trended negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Citigroup earned a daily sentiment score of -2.67 on their scale. InfoTrie also assigned media coverage about the financial services provider an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Citigroup’s score:
- Citigroup (C) Breaks Summer Support on Heavy Volume – Investopedia (investopedia.com)
- Activist ValueAct played a key role in speeding up Citigroup CEO’s retirement, sources say – CNBC (cnbc.com)
- Does Citigroup Belong in Your ESG Portfolio? – Motley Fool (fool.com)
- Top 10 U.S. Cities With Highest Murders in 2020 (feedproxy.google.com)
- Top 15 U.S. Cities With Highest Number of Murders in 2020 (feedproxy.google.com)
C has been the topic of a number of research reports. Berenberg Bank increased their price objective on Citigroup from $50.00 to $65.00 and gave the company a “buy” rating in a report on Monday, July 20th. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a report on Friday, August 21st. Morgan Stanley dropped their target price on Citigroup from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday. BMO Capital Markets raised their target price on Citigroup from $82.00 to $87.00 in a report on Wednesday, July 15th. Finally, Standpoint Research lowered Citigroup from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $73.58.
Shares of Citigroup stock traded up $1.50 on Wednesday, hitting $46.31. The stock had a trading volume of 1,872,185 shares, compared to its average volume of 20,366,542. Citigroup Inc has a 52-week low of $32.00 and a 52-week high of $83.11. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.60. The stock has a market cap of $93.29 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 1.43 and a beta of 1.75. The company’s 50 day moving average price is $51.37 and its 200 day moving average price is $49.66.
Citigroup (NYSE:C) last released its earnings results on Tuesday, July 14th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Citigroup had a return on equity of 7.40% and a net margin of 13.64%. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.06 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that Citigroup Inc will post 3.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, July 31st. Citigroup’s dividend payout ratio is currently 26.91%.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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