Stock Update (NYSE:C): New Costco Anywhere Visa Card by Citi Offers Cash Back Rewards on Every Purchase

[Business Wire] – Starting today, the Costco Anywhere Visa® Card by Citi and Costco Anywhere Visa® Business Card by Citi are available exclusively to Costco members. With generous cash back opportunities and benefits, the new cards enable cardmembers to earn cash back rewards on all purchases. Read more on this. Citigroup Inc. (C) , with a current value of $129.02B, began trading this morning at $43.46. Looking at today’s market, C one day range is $43.41 to $43.97 and has traded between $34.52 and $60.95 over the past 12 months. Citigroup (C) shares are currently priced at 8.98x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 10.44x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 0.47%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.18 per share, which would be $0.33 worse than the year-ago quarter and a $0.09 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.73 would be a $0.62 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $17.87 Billion. If reported, that would be a 6.73% decrease over the year-ago quarter. Recently, Keefe Bruyette downgraded C from Outperform to Mkt Perform (Apr 18, 2016). Previously, Atlantic Equities downgraded C from Overweight to Neutral. Investors should keep in mind is that the average price target is $56.22, which is 29.36% above where the stock opened this morning. See more in (NYSE:C) Similar Articles: Company Update: Citigroup Inc (NYSE:C) – AmEx to close sale of Costco card portfolio to Citi by June Market Update (NYSE:AXP): AmEx to close sale of Costco card portfolio to Citi by June Market Update (NYSE:C): TBC Corporation and Citi Retail Services Renew Long-Term Credit Card Agreement