PNC Financial Services Group Given New $84.00 Price Target at Compass Point (PNC)
Analysts at Compass Point lifted their target price on shares of PNC Financial Services Group (NYSE:PNC) from $83.00 to $84.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Compass Point’s price objective would indicate a potential upside of 13.71% from the company’s current price.
PNC Financial Services Group (NYSE:PNC) opened at 73.87 on Thursday. 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 $72.93 and a 200-day moving average of $72.00. The company has a market cap of $39.263 billion and a P/E ratio of 11.13.
PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.64 by $0.15. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Analysts expect that PNC Financial Services Group will post $7.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 5th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, October 10th.
A number of other analysts have also recently weighed in on PNC. Analysts at ISI Group initiated coverage on shares of PNC Financial Services Group in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $79.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “hold” rating on shares of PNC Financial Services Group in a research note to investors on Monday, September 30th. They now have a $78.00 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of PNC Financial Services Group from $98.00 to $90.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $78.40.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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