PNC Financial Services Group Price Target Raised to $82.50 at JPMorgan Chase & Co. (PNC)
Stock analysts at JPMorgan Chase & Co. increased their target price on shares of PNC Financial Services Group (NYSE:PNC) from $80.50 to $82.50 in a report issued on Wednesday, AR Network reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 10.89% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated a “hold” rating on shares of PNC Financial Services Group (NYSE:PNC) in a research note to investors on Thursday, September 12th. They now have a $78.00 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of PNC Financial Services Group (NYSE:PNC) from $82.00 to $83.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Finally, 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.
One analyst has rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $78.23.
PNC Financial Services Group (NYSE:PNC) traded down 0.49% on Wednesday, hitting $74.40. 3,036,079 shares of the company’s stock traded hands. PNC Financial Services Group has a 52-week low of $53.36 and a 52-week high of $77.93. The stock’s 50-day moving average is $74.60 and its 200-day moving average is $70.95. The company has a market cap of $39.544 billion and a price-to-earnings ratio of 11.27.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, July 17th. The company reported $1.99 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. 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 Joan Gulley sold 2,000 shares of PNC Financial Services Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $74.51, for a total value of $149,020.00. Following the sale, the executive vice president now directly owns 20,696 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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