PNC Financial Services Group Given Consensus Rating of “Hold” by Analysts (NYSE:PNC)
PNC Financial Services Group (NYSE:PNC) has earned an average rating of “Hold” from the twenty-nine ratings firms that are covering the stock, AnalystRatings.NET reports. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $83.52.
A number of research firms have recently commented on PNC. Analysts at SunTrust raised their price target on shares of PNC Financial Services Group from $80.00 to $84.00 in a research note on Friday, January 31st. Separately, analysts at RBC Capital raised their price target on shares of PNC Financial Services Group from $85.00 to $95.00 in a research note on Wednesday, January 22nd. They now have a “top pick” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of PNC Financial Services Group to $88.00 in a research note on Friday, January 17th. They now have a “market perform” rating on the stock.
In other PNC Financial Services Group news, EVP Joan Gulley sold 2,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $79.88, for a total value of $159,760.00. Following the transaction, the executive vice president now directly owns 14,849 shares in the company, valued at approximately $1,186,138. The transaction was disclosed in a document filed with the SEC, which is available at this link.
PNC Financial Services Group (NYSE:PNC) opened at 79.84 on Tuesday. PNC Financial Services Group has a 52 week low of $60.37 and a 52 week high of $84.43. The stock’s 50-day moving average is $79.32 and its 200-day moving average is $75.71. The company has a market cap of $42.555 billion and a price-to-earnings ratio of 10.79.
PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data 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 in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that PNC Financial Services Group will post $7.02 earnings per share for the current fiscal year.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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