Are C&J Energy (NYSE:C) Shares Worth Your Time and Dime Following Recent Citigroup Upgrade?


C&J Energy (NYSE:C) Stock Upgrade

The previous rating of a “Neutral” for C&J Energy (NYSE:C) has been discontinued as Citigroup hiked C’s current rating to a respectable “Buy”.

From a total of 26 analysts covering Citigroup Inc. (NYSE:C) stock, 24 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 86% of the ratings are positive. The highest target price is $74 while the lowest target price is $56. The mean of all analyst targets is $64.03 with a 5.47% above today’s ($51.15) stock price. Citigroup Inc. was the topic of 29 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Guggenheim upgraded shares on November 30 to “Buy” rating. Jefferies upgraded shares to “Buy” rating and $60 target share price in a report from a September 28. Macquarie Research maintained C stock in a recent report from October 19 with “Outperform” rating. Credit Suisse upgraded the rating on September 28. Credit Suisse has a “Outperform” rating and a $62 price target on shares. Finally, Susquehanna initiated the stock with “Neutral” rating in a report issued on an October 6.

Approximately 15.19 million shares of stock traded hands. Citigroup Inc (NYSE:C) has declined 2.54% since May 8, 2015 and is downtrending. It has outperformed by 0.48% the S&P500.

The overall sentiment of institutions has decreased to 1.13 in Q2 2015. Its down 0.15, from 1.28 in 2015Q2. The ratio worsened, as 91 institutions have sold all the shares of Citigroup Inc that they owned while 412 funds have taken shares off the table. 92 funds have purchased shares for the first time while 477 added to their positions. These institutions now hold 2.17 billion shares or 0.46% more than the 2.16 billion shares they owned in 2015Q2.

The Fund Western Asset Management Co currently is holding shares equating to 50.69% of its total portfolio in Citigroup Inc representing a total of 1.16 million shares. Another fund,Delta Partners Llc, is holding a total of 233,500 shares equating to 18.24% of their holdings. Additionally, Oldfield Partners Llp has a 4.90 million share stake in Citigroup Inc which represents 17.45% of their total portfolio. The Fund, Key Colony Management Llc, based out of Arkansas, has also built up a stake in the stock, which represents a total of 14.19% of their total portfolio. Finally Tegean Capital Management Llc, a fund which is based in the state of New York reported a total holdings of 400,000 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 26, 2015, shareholders of Citigroup Inc have witnessed 0 insider buys, and a total of 3 selling transactions equating to a net activity of approximately $1.04 million . Walsh Jeffrey R sold 6,000 shares worth approximately $346,020. Gerspach John C sold 10,000 shares worth approximately $588,200. Aristeguieta Francisco sold 1,750 shares worth approximately $102,400. Hu W. Bradford sold 9,742 shares worth approximately $534,544. The company insider Murray Joseph Michael sold 5,949 shares worth $325,589.

Citigroup Inc. is a financial services holding company, whose businesses provide consumers, firms, governments and institutions with financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The company has a market cap of $156.29 billion. The Firm operates through two primary business divisions: Citicorp and Citi Holdings. It has 11.52 P/E ratio. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America, EMEA, Latin America and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services.

According to Zacks Investment Research, “Citigroup Inc. is a global financial services company. It provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. The Company also offers various wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, and equity and fixed income research services. Citigroup Inc. is based in New York.” Get a free copy of the Zacks research report on Citigroup Inc (C).