PNC Financial Services Group Given Consensus Recommendation of “Buy” by Analysts (NYSE:PNC)
Shares of PNC Financial Services Group (NYSE:PNC) have been given a consensus recommendation of “Buy” by the twenty-seven analysts that are currently covering the stock, AnalystRatings.NET reports. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $89.30.
PNC Financial Services Group (NYSE:PNC) opened at 82.64 on Friday. PNC Financial Services Group has a 52 week low of $69.15 and a 52 week high of $88.03. The stock has a 50-day moving average of $84.31 and a 200-day moving average of $80.2. The company has a market cap of $44.130 billion and a price-to-earnings ratio of 11.05.
PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.16. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts predict that PNC Financial Services Group will post $7.19 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Nomura initiated coverage on shares of PNC Financial Services Group in a research note on Wednesday. They set a “buy” rating and a $105.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of PNC Financial Services Group in a research note on Thursday, April 24th. They now have a $94.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of PNC Financial Services Group from $88.00 to $90.00 in a research note on Monday, April 21st.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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