PNC Financial Services Group Sets New 1-Year High at $88.82 (PNC)
PNC Financial Services Group (NYSE:PNC) shares reached a new 52-week high during trading on Thursday , AnalystRatings.Net reports. The stock traded as high as $88.82 and last traded at $88.31, with a volume of 537,171 shares. The stock had previously closed at $88.63.
A number of research firms have recently commented on PNC. 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 equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $90.25.
The stock’s 50-day moving average is $85.18 and its 200-day moving average is $82.1. The company has a market cap of $47.297 billion and a P/E ratio of 11.85.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, April 16th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.76 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Analysts expect that PNC Financial Services Group will post $7.18 EPS for the current fiscal year.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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