Wall Street Analyst Actions To Watch: Citigroup Inc. (C), RAIT Financial Trust (RAS)

Citigroup Inc. (NYSE:C) was less active in the last trading session as around 16.07 million shares exchanged hands on Wall Street, representing a decrease from its normal capacity of 18.1 million shares. A 1.54% change after the initial price of $71.05, sent the closing price to $70.51.

Citigroup Inc. (C) Analyst Opinion

Citigroup Inc. has a consensus outperform rating from 30 Wall Street analysts, and the number of shares currently sold short amount to at least 0.95% of shares outstanding. The stock sank -7.36% last month and is down -5.24 this year. Wall Street is only getting more bullish on the stock, with 20 of analysts who cover C having a buy-equivalent rating. Analysts have placed a $83.41 price target on Citigroup Inc., suggesting a 18.3% gain from recent close. It’s currently trading about -12.63% below its 52-week high.

Citigroup Inc. Earnings Surprise

Citigroup Inc. (C) surprised the stock market in its last reported earnings when it earned $1.28 a piece versus the consensus-estimated $1.19. Its revenue totaled $17.22 billion down -5.23% from the previous quarter.

Citigroup Inc. (NYSE:C) Intraday View

This stock (C) is ahead of its 52-week low with 22.52%. Its last month’s stock price volatility remained 2.54% which for the week stands at 2.51%. The share price has moved backward from its 20 days moving average, trading at a distance of -0.41% and stays -4.58% away from its 50 days moving average. Over the last five days, shares have managed 2.96% gains and now is down -2.16% since hitting its 200-day moving average of $74.09. Citigroup Inc. (C) has made its way to a 12-month gain of 18.64%.

Turning to RAIT Financial Trust (NYSE:RAS), its shares were trading at $0.21 a retreat of $-0.05, on the trading floor. The stock, after opening at $0.27, touched a high of $0.274 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. RAIT Financial Trust has 0 buy ratings, 1 holds and 0 sells even after the stock tumbled -93.34% from its high of $3.20 to a $18.41 million market value through last close.

RAIT Financial Trust (NYSE:RAS) Intraday Trading

The counter witnessed a trading volume of 8.64 million shares versus an average volume of 2.83 million shares during last trading session. Its last month’s stock price volatility remained 25.27% which for the week approaches 26.56%. The lowest price the stock reached in the last trading day was $0.2011 and compares with the $0.16 52-week low. The stock recovered 33.25% since its low point and has performed -43.15% year-to-date.

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