The mean price target for the shares of Citigroup Inc (NYSE:Cis at $56.11 while the highest price target suggested by the analysts is $70.00 and low price target is $44.00. The mean price target is calculated keeping in view the consensus of 27 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 17.84B by 20 analysts. The means estimate of sales for the year ending Dec 16 is 70.95B by 23 analysts.
The average estimate of EPS for the current fiscal quarter for Citigroup Inc (NYSE:Cstands at $1.18 while the EPS for the current year is fixed at $4.73 by 23.00 analysts
The next one year’s EPS estimate is set at 5.49 by 25.00 analysts while a year ago the analysts suggested the company’s EPS at $4.73. The analysts also projected the company’s long-term growth at 5.02% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , Citigroup Inc (NYSE:Creported earnings of $1.10. The posted earnings topped the analyst’s consensus by $0.07 with the surprise factor of 6.80%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Citigroup Inc (NYSE:C traded down -1.21% during trading on Friday, hitting $45.21 . The stock had a trading volume of 17.1 M shares. The firm has a 50 day moving average of $45.56 and a 200-day moving average of $45.11. The stock has a market cap of $132.10B and a price-to-earnings ratio of 9.00. On Jul 23, 2015 the shares registered one year high at $60.95 and the one year low was seen on Feb 11, 2016.
On June 1, 2016 Citigroup Inc (NYSE:C) has won the top-ranked derivatives house of the year accolade again in the highly regarded Energy Risk annual awards, and also emissions house of the year and precious metals house of the year.
This is the third year in succession that Citi has won the highly coveted title of commodity derivatives house of the year – an unprecedented achievement. The awards were presented on May 17 at a dinner and ceremony in Houston, Texas.
The Energy Risk awards celebrate excellence across global commodity markets. The winners were determined by editorial choice after a rigorous pitch submission and interview process lasting from February to May 2016. Particular attention was paid by the editors to first hand feedback from clients.
“Citi has bucked the trend and built out its commodities business at a time when many other investment banks have been exiting these markets. It has been a consistent market-maker in recent years, and it continues to execute complex, structured transactions for its clients. For these reasons we are pleased to give Citi the derivatives house of the year award for 2016,” said Energy Risk editor Alex Osipovich.
The award for best emissions house is underpinned by Citi’s commitment to and strength in renewable energy, citing its role in the provision of clean energy to a Facebook data centre in 2015.
Meanwhile, Citi has leapt up the rankings among the big precious metals houses, and its capacity to provide large-scale bullion hedges to a variety of clients lay at the heart of the winning of the award for precious metals.
“To be recognised by Energy Risk once more is a great honour and we are very pleased. Citi has made significant progress in commodities in recent years, and it is particularly satisfying to have that acknowledged by such an astute observer of our markets,” said global head of commodities Stuart Staley.”
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