Stock Update (NYSE:C): Citigroup to pay $425 mln over attempted benchmark manipulation

[Reuters – UK Focus] – Citigroup Inc has agreed to pay $425 million to resolve civil charges by the Commodities Futures Trading Commission it tried to manipulate foreign exchange and interest rate benchmarks, the latest settlement … Read more on this. Citigroup Inc. (C) , with a current market cap of $137.74B, opened at $46.19. A quick look at the market, the company’s stock traded between $46.20 and $47.60 with its 52-week range being $34.52 to $60.95. Priced at 9.68x this year’s forecasted earnings, C shares are relatively expensive compared to the industry’s 9.23x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.20 per share annually in dividends, yielding 0.44%. According to a consensus of 23 analysts, the earnings estimate of $1.19 per share would be $0.32 worse than the year-ago quarter and a $0.13 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.74, which would be a $0.61 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.83 Billion. If realized, that would be a 6.94% decrease over the year-ago quarter. In terms of ratings, Keefe Bruyette downgraded C from Outperform to Mkt Perform (Apr 18, 2016). Previously, Atlantic Equities downgraded C from Overweight to Neutral. When considering if the stock is under or overvalued, the average price target is $56.11, which is 21.48% above where the stock opened this morning. See more in (NYSE:C) Similar Articles: Stock Update: Citigroup Inc (NYSE:C) – Boeing Honors Citi with 2015 Supplier of the Year Award Company Update: Citigroup Inc (NYSE:C) – Citigroup head of spot FX trading Bibbey resigns -sources Market Update: Citigroup Inc (NYSE:C) – Citigroup reaches $23 mln ‘ice breaker’ yen Libor settlement