Market Update: Citigroup Inc (NYSE:C) – Citi appoints new corporate banking head in Canada

[PR Newswire] – Citigroup Inc. (NYSE: C) TORONTO, March 29, 2016 /CNW/ – Citi is pleased to announce the appointment of Daljeet Lamba as Managing Director, Corporate Banking in Canada. Mr. Lamba is an integral member … Read more on this. Citigroup Inc. (C) , valued at $121.78B, opened at $41.69. Today’s price range has been between $41.20 and $41.75 per share and has traded between $34.52 and $60.95 over the past year. C shares are currently priced at 8.32x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.55x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.20 per share annually in dividends, yielding 0.48%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.17 per share, which would be $0.34 worse than the year-ago quarter and a $0.33 sequential decrease. Investors should also note that the full-year EPS estimate of $5.04 is a $0.31 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.81 Billion. If realized, that would be a 10.10% decrease over the year-ago quarter. More recently, Atlantic Equities downgraded C from Overweight to Neutral (Mar 1, 2016). Previously, Portales Partners upgraded C from Underperform to Sector Perform. When considering if the stock is under or overvalued, the average price target is $56.46, which is 35.43% above where the stock opened this morning. See more in (NYSE:C) Similar Articles: Market Update: Citigroup Inc (NYSE:C) – Proud Sponsor of Progress: Citi Teams Up With Eight U.S. Athletes as Part of its Team USA Sponsorship for Rio 2016 Company Update: Citigroup Inc (NYSE:C) – Citigroup head of spot FX trading Bibbey resigns -sources Market Update: Citigroup Inc (NYSE:C) – New Yorkers to Use Citi Bikes to “Light Up” Queens and Support the Mets on Their Championship Run
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.