PNC Financial Services Group PT Raised to $84.00 at Jefferies Group (PNC)
Jefferies Group raised their price objective on shares of PNC Financial Services Group (NYSE:PNC) from $83.00 to $84.00 in a research note issued on Thursday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would indicate a potential upside of 12.48% from the company’s current price.
A number of other analysts have also recently weighed in on PNC. Analysts at Sanford C. Bernstein raised their price target on shares of PNC Financial Services Group from $78.00 to $80.00 in a research note to investors on Thursday. They now have a “market perform” rating 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 Thursday. They now have a $78.00 price target on the stock. Finally, analysts at Compass Point raised their price target on shares of PNC Financial Services Group from $83.00 to $84.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $78.69.
PNC Financial Services Group (NYSE:PNC) traded up 1.10% during mid-day trading on Thursday, hitting $74.68. The stock had a trading volume of 2,655,664 shares. 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 $72.97 and a 200-day moving average of $72.01. The company has a market cap of $39.693 billion and a price-to-earnings 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 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $1.64 earnings per share. PNC Financial Services Group’s revenue was down 4.1% compared to the same quarter last year. 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. Shareholders 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 2.36%. The ex-dividend date is Thursday, October 10th.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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