Citigroup's shares have now returned 9% year-to-date, following a 44% decline during 2011. The shares are trading for relatively low multiples of 0.6 times their reported June 30 tangible book value of $51.81, and for six times the consensus 2013 earnings estimate of $4.54, among analysts polled by Thomson Reuters. The consensus 2012 EPS estimate is $4.09. Sterne Agee analyst Todd Hagerman rates Citigroup a "Buy," and said on July 16 after the company reported its second-quarter earnings that "although C's core operating performance will likely slow in the coming quarters, increasing capital flexibility, positive operating leverage, and a depressed valuation continue to offer a favorable risk/reward at current levels." Hagerman's price target for Citi's shares is $33, and the analyst estimates the company will earn $3.92 a share for all of 2012, followed by 2013 EPS of $4.30. Interested in more on Citigroup? See TheStreet Ratings' report card for this stock.