PNC Financial Services Group Reaches New 1-Year High at $88.54 (PNC)
PNC Financial Services Group (NYSE:PNC) shares hit a new 52-week high during trading on Monday , Analyst Ratings News reports. The company traded as high as $88.54 and last traded at $88.41, with a volume of 652,749 shares trading hands. The stock had previously closed at $87.32.
Several analysts have recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of PNC Financial Services Group in a research note on Friday, May 30th. They set a “buy” rating and a $100.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PNC Financial Services Group in a research note on Monday, May 19th. They now have a $87.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of PNC Financial Services Group in a research note on Wednesday, May 14th. They set a “buy” rating and a $105.00 price target on the stock. Ten 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 stock. The company has a consensus rating of “Buy” and an average target price of $90.25.
The stock’s 50-day moving average is $84.27 and its 200-day moving average is $81.3. The company has a market cap of $47.276 billion and a price-to-earnings ratio of 11.68.
PNC Financial Services Group (NYSE:PNC) last announced its 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.
In other PNC Financial Services Group news, Chairman Joseph C. Guyaux sold 72,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $85.59, for a total value of $6,162,480.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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