Analyst Vivek Juneja of J.P. Morgan maintained a Hold rating on Citigroup (C – Research Report), retaining the price target of $75.50.
Vivek Juneja’s rating is based on several considerations that impact Citigroup’s performance and outlook. One of the primary factors is the challenge Citigroup faces in enhancing its profitability to match the levels of its peers, which remains a significant hurdle. Additionally, Citigroup holds the highest share of credit card loans among the banks covered, which poses a risk in a potentially softening economic environment.
Another reason for the Hold rating is Citigroup’s attractive valuation, which is seen as a positive aspect despite the challenges. Furthermore, Citigroup has strong business segments, such as Treasury Services and FICC trading, which contribute positively to its overall performance. However, the uncertainty surrounding international tariffs and their potential impact on Citigroup’s global operations adds a layer of risk that supports a more cautious stance.
In another report released on April 1, Evercore ISI also maintained a Hold rating on the stock with a $76.00 price target.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of C in relation to earlier this year.