PNC Financial Services Group Price Target Increased to $100.00 by Analysts at FBR Capital Markets (PNC)
Investment analysts at FBR Capital Markets increased their target price on shares of PNC Financial Services Group (NYSE:PNC) from $90.00 to $100.00 in a note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target points to a potential upside of 11.15% from the company’s current price.
Several other analysts have also 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $90.70.
Shares of PNC Financial Services Group (NYSE:PNC) traded down 0.99% on Monday, hitting $89.08. 856,914 shares of the company’s stock traded hands. PNC Financial Services Group has a 52-week low of $70.63 and a 52-week high of $90.00. The stock’s 50-day moving average is $86.80 and its 200-day moving average is $83.11. The company has a market cap of $47.580 billion and a price-to-earnings ratio of 12.03.
PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.82 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.76 earnings per share. PNC Financial Services Group’s revenue was down 4.5% compared to the same quarter last year. On average, analysts predict that PNC Financial Services Group will post $7.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 5th. Investors of record on Tuesday, July 15th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, July 11th.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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