Compass Point Increases PNC Financial Services Group Price Target to $83.00 (PNC)
Investment analysts at Compass Point increased their price target on shares of PNC Financial Services Group (NYSE:PNC) from $82.00 to $83.00 in a note issued to investors on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Compass Point’s price objective suggests a potential upside of 13.53% from the company’s current price.
A number of other analysts have also recently weighed in on PNC. Analysts at Zacks reiterated a “neutral” rating on shares of PNC Financial Services Group (NYSE:PNC) in a research note to investors on Thursday, August 29th. They now have a $76.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of PNC Financial Services Group (NYSE:PNC) from $76.00 to $78.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of PNC Financial Services Group (NYSE:PNC) from $85.50 to $98.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $77.81.
Shares of PNC Financial Services Group (NYSE:PNC) traded down 0.61% on Thursday, hitting $73.11. The stock had a trading volume of 1,312,298 shares. PNC Financial Services Group has a 1-year low of $53.36 and a 1-year high of $77.93. The stock’s 50-day moving average is $74.84 and its 200-day moving average is $70.60. The company has a market cap of $38.859 billion and a price-to-earnings ratio of 11.09.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, July 17th. The company reported $1.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.36. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the company posted $0.98 earnings per share. PNC Financial Services Group’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that PNC Financial Services Group will post $7.02 earnings per share for the current fiscal year.
In other PNC Financial Services Group news, EVP Robert F. Hoyt sold 14,400 shares of PNC Financial Services Group stock on the open market in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $72.54, for a total transaction of $1,044,576.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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