Citigroup Inc (NYSE:C) – SL Green Consolidates Ownership of Citigroup’s Headquarters Property

Citigroup Inc (NYSE:C) [at noodls] – SL Green Consolidates Ownership of Citigroup’s Headquarters Property New York, NY – March 3, 2014 – SL Green Realty Corp. (NYSE: SLG) The Company announced an agreement to acquire Ivanhoe Cambridge’s stake …
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Citigroup Inc. (C), valued at $144.43B, started trading this morning at $47.80.
A quick look at the market, the company’s traded between $47.58 to $48.25 with its 52-week range being $41.60 to $55.28.
C shares are currently priced at 9.84x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.78x earnings multiple.
And for passive income investors, the company pays shareholders $0.04 per share annually in dividends, yielding 0.10%.
According to a consensus of 25 analysts, the earnings estimate of $1.29 per share would be $0.06 better than the year-ago quarter and a $0.16 sequential decrease. The full-year EPS estimate is $4.94 which would be a $0.55 improvement than last year’s full-year earnings.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.08 Billion. If reported, that would be a 2.00% decrease over the year-ago quarter.
More recently, Deutsche Bank downgraded C from Buy to Hold (Dec 5, 2013). Previously, UBS upgraded C from Neutral to Buy.
When considering if the stock is under or overvalued, the average price target is $60.17, which is 25.88% above where the stock opened this morning.
Citigroup Inc (NYSE:C), is a diversified financial services holding company, provides various financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, wealth management and transaction services to consumers, corporations, governments and institutions worldwide.
Tag Helper ~ Stock Code: C | Common Company name: Citigroup | Full Company name: Citigroup Inc (NYSE:C) .

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