The PNC Financial Services Group (NYSE: PNC – Get a Score) had cut its price target from Argus analysts from $ 245.00 to $ 220.00 in a report released on Monday, The fly References. The Argus price target will indicate a potential uptrend of 25.71% from the current share price.
A number of other analyst researchers have also weighed on the company. Robert W. Baird raised The PNC Financial Services Group’s price target from $ 200.00 to $ 230.00 in a research report on Wednesday, January 19th. Zacks Investment Research downgraded the shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a price target of $ 221.00 for the company. in a report on Thursday, January 20th. The Credit Suisse Group raised its share price target for The PNC Financial Services Group from $ 203.00 to $ 207.00 and gave the company a “neutral” rating in a report on Wednesday, January 19th. StockNews.com began covering the shares of The PNC Financial Services Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. raised the price target for shares of The PNC Financial Services Group from $ 229.50 to $ 232.50 in a report on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a holding rating and eleven have issued a market rating for the stock. According to data from MarketBeat.com, the stock currently has a “Hold” consensus rating and an average target price of $ 217.74.
The share of PNC Financial Services Group opened at $ 175.00 on Monday. The company has a debt to equity ratio of 0.54, a fast rate of 0.78 and a current rate of 0.75. The stock has a market capitalization of $ 73.23 billion, a price-to-earnings ratio of $ 14.81, a PEG ratio of 2.21 and a beta of 1.26. The simple 50-day moving average is $ 191.95 and the 200-day moving average is $ 201.13. PNC Financial Services Group has a low fifty two week $ 170.14 and a high fifty two week $ 228.14.
The PNC Financial Services Group (NYSE: PNC – Get a Score) published its latest quarterly earnings data on Thursday 14 April. The financial services provider reported $ 3.23 EPS for the quarter, beating the consensus estimate of $ 2.78 by $ 0.45. PNC Financial Services Group had a return on equity of 12.43% and a net margin of 26.14%. The company had revenue of $ 4.69 billion during the quarter, compared with analysts’ estimates of $ 4.72 billion. Over the same period last year, the company posted $ 4.10 EPS. The income of the PNC Financial Services Group increased by 11.2% on an annual basis. On average, analysts predict that The PNC Financial Services Group will post earnings of 13.77 per share for the current year.
In related news, the EVP Michael P. Lyons sold 5,500 shares of the company in a transaction that took place on Monday, March 14th. The shares were sold at an average price of $ 182.59, with a total value of $ 1,004,245.00. The transaction was revealed in a deposit to the Hellenic Capital Market Commission, which is available through this hyperlink. 0.34% of the share belongs to company executives.
Institutional investors and hedge funds recently bought and sold equity shares. Citizens National Bank Trust bought a new stake in The PNC Financial Services Group during the fourth quarter worth $ 28,000. Retirement Planning Co of New England Inc. bought a new stake in The PNC Financial Services Group during the fourth quarter worth $ 30,000. D Orazio & Associates Inc. bought a new stake in The PNC Financial Services Group during the third quarter worth about $ 31,000. Guardian Wealth Management Inc. bought a new stake in The PNC Financial Services Group in the fourth quarter worth about $ 32,000. Finally, Kozak & Associates Inc. bought a new stake in The PNC Financial Services Group in the third quarter worth about $ 34,000. 82.59% of the share currently belongs to hedge funds and other institutional investors.
About PNC Financial Services Group (Get a Score)
PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company’s Retail Banking sector offers brokerage, insurance and investment services and cash management services. deposit, savings and money market accounts; certificates of deposit; branches, ATMs, call centers, and internet and mobile banking channels.
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