PNC Financial Services Group Price Target Increased to $95.00 by Analysts at RBC Capital (PNC)
Analysts at RBC Capital hoisted their price target on shares of PNC Financial Services Group (NYSE:PNC) from $85.00 to $95.00 in a research report issued to clients and investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “top pick” rating on the stock. RBC Capital’s price target points to a potential upside of 12.95% from the stock’s previous close.
PNC Financial Services Group (NYSE:PNC) opened at 84.11 on Wednesday. PNC Financial Services Group has a 52-week low of $60.37 and a 52-week high of $84.41. The stock has a 50-day moving average of $77.08 and a 200-day moving average of $75.15. The company has a market cap of $44.756 billion and a P/E ratio of 12.11.
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 $6.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 5th. Investors 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 2.09%. The ex-dividend date of this dividend is Monday, January 13th.
A number of other analysts have also recently weighed in on PNC. Analysts at BMO Capital Markets raised their price target on shares of PNC Financial Services Group to $88.00 in a research note to investors on Friday, January 17th. They now have a “market perform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of PNC Financial Services Group from $84.00 to $90.00 in a research note to investors on Friday, January 17th. Finally, analysts at Sanford C. Bernstein raised their price target on shares of PNC Financial Services Group from $82.00 to $90.00 in a research note to investors on Friday, January 17th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $82.08.
In other PNC Financial Services Group news, EVP Orlando Esposito unloaded 2,310 shares of the stock on the open market in a transaction dated Thursday, January 16th. The stock was sold at an average price of $80.55, for a total value of $186,070.50. Following the transaction, the executive vice president now directly owns 11,773 shares of the company’s stock, valued at approximately $948,315. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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