CIT Group Target of Unusually Large Options Trading (CIT)
CIT Group (NYSE:CIT) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 13,381 call options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of approximately 1,414% compared to the typical daily volume of 884 call options.
A number of research firms have recently commented on CIT. Analysts at Zacks upgraded shares of CIT Group from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 13th. They now have a $56.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of CIT Group in a research note to investors on Monday, November 4th. They now have a $60.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $53.30.
CIT Group Inc is a bank holding company (NYSE:CIT) together with its owned subsidiaries (CIT), provides primarily commercial financing and leasing products and other services to small and middle market businesses across a range of industries.
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