PNC Financial Services Group Rating Reiterated by BMO Capital Markets (PNC)
PNC Financial Services Group (NYSE:PNC)‘s stock had its “hold” rating reaffirmed by equities researchers at BMO Capital Markets in a research report issued on Monday, American Banking & Market News reports. They currently have a $78.00 target price on the stock. BMO Capital Markets’ price target points to a potential upside of 7.66% from the company’s current price.
PNC Financial Services Group (NYSE:PNC) traded down 0.25% during mid-day trading on Monday, hitting $72.45. 2,040,148 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 has a 50-day moving average of $73.82 and a 200-day moving average of $71.42. The company has a market cap of $38.508 billion and a P/E ratio of 10.95.
PNC Financial Services Group (NYSE:PNC) last posted its quarterly 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. Analysts expect that PNC Financial Services Group will post $7.01 EPS for the current fiscal year.
In other PNC Financial Services Group news, EVP Joan Gulley unloaded 2,000 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $74.51, for a total transaction of $149,020.00. Following the completion of the transaction, the executive vice president now directly owns 20,696 shares in the company, valued at approximately $1,542,059. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim cut their price target on shares of PNC Financial Services Group (NYSE:PNC) from $98.00 to $90.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of PNC Financial Services Group (NYSE:PNC) from $80.50 to $82.50 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. PNC Financial Services Group currently has an average rating of “Hold” and an average price target of $78.33.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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