PNC Financial Services Group Price Target Increased to $90.00 by Analysts at Jefferies Group (PNC)
Investment analysts at Jefferies Group boosted their price target on shares of PNC Financial Services Group (NYSE:PNC) from $89.00 to $90.00 in a note issued to investors on Friday, Analyst Ratings.Net reports. Jefferies Group’s price objective suggests a potential upside of 11.21% from the stock’s previous close.
Shares of PNC Financial Services Group (NYSE:PNC) opened at 80.93 on Friday. PNC Financial Services Group has a 52 week low of $60.37 and a 52 week high of $81.28. The stock’s 50-day moving average is $76.93 and its 200-day moving average is $75.07. The company has a market cap of $43.063 billion and a price-to-earnings ratio of 11.61.
PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.65 by $0.20. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter last year, the company posted $1.24 earnings per share. PNC Financial Services Group’s revenue was up .1% compared to the same quarter last year. On average, analysts predict that PNC Financial Services Group will post $7.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 5th. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, January 13th.
In other PNC Financial Services Group news, EVP Orlando Esposito sold 2,000 shares of PNC Financial Services Group stock on the open market in a transaction dated Thursday, January 9th. The stock was sold at an average price of $78.95, for a total transaction of $157,900.00. Following the completion of the transaction, the executive vice president now directly owns 11,773 shares in the company, valued at approximately $929,478. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Sandler O’Neill upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at UBS AG raised their price target on shares of PNC Financial Services Group from $75.00 to $82.00 in a research note to investors on Friday, January 10th. They now have a “neutral” rating on the stock. Finally, analysts at Evercore Partners downgraded shares of PNC Financial Services Group from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, December 16th. They now have a $81.00 price target on the stock, up previously from $79.00. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. PNC Financial Services Group currently has an average rating of “Hold” and a consensus target price of $79.63.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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