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Wall Street Remains Bullish on Citigroup Stock

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Analysts’ recommendations

Analysts are bullish about Citigroup (C) and foresee mid-teen growth in its stock price from its current level. The company’s impressive track record of strong quarterly performances and its encouraging outlook for 2018 have instilled confidence among analysts, as we can see reflected in their recommendations.

As of October 5, of the 29 analysts covering Citi stock, 21 have given it “strong buy” or “buy” recommendations, seven have given it “hold” recommendations, and one has given it a “sell” recommendation. Given Wall Street’s one-year forward target price of $84.73 on the stock, it has a potential upside of 16.7% from its current market price of $72.62.

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Where do Citi’s peers stand?

Analysts are bullish about the entire US banking industry (XLF). They’ve provided “buy” recommendations to the majority of Citigroup’s competitors.

JPMorgan (JPM) has received “strong buy” recommendations from seven of the 29 analysts covering its stock. Nine have given it “buy” recommendations, 12 have given it “hold” recommendations, and one has given it a “sell” recommendation. The stock’s target price of $121.65 represents a potential 5.5% rise from its current price of $115.27.

Of the 27 analysts covering Goldman Sachs (GS) stock, six have given it “strong buy” recommendations, nine have given it “buy” recommendations, 11 have given it “hold” recommendations, and one has given it a “sell” recommendation. Wall Street’s target price of $275.78 represents a potential ~21.2% rise from the stock’s current price of $227.48.

As of October 5, eight of the 29 analysts covering Bank of America (BAC) stock have given it “strong buy” recommendations, 13 have given it “buy” recommendations, and the remaining eight have given it “hold” recommendations. The stock’s target price of $34.79 represents a potential 14.3% rise from its current market price of $30.43.

Morgan Stanley (MS) has received “strong buy” recommendations from five of the 27 analysts covering its stock. Twelve analysts have given it “buy” recommendations, while the remaining ten have given it “hold” recommendations. The stock’s target price of $59.15 represents a potential 25.1% rise from its current price of $47.27.

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