PNC Financial Services Group Receives Average Rating of “Buy” from Analysts (NYSE:PNC)
PNC Financial Services Group (NYSE:PNC) has earned a consensus recommendation of “Buy” from the twenty-five brokerages that are covering the stock, Analyst Ratings.Net reports. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $92.55.
PNC has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of PNC Financial Services Group in a research note on Thursday, July 17th. They now have a $89.00 price target on the stock, up previously from $85.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of PNC Financial Services Group in a research note on Thursday, July 17th. They now have a $92.00 price target on the stock, down previously from $95.00. Finally, analysts at Portales Partners downgraded shares of PNC Financial Services Group from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 17th.
PNC Financial Services Group (NYSE:PNC) opened at 81.72 on Wednesday. PNC Financial Services Group has a 52 week low of $70.63 and a 52 week high of $90.00. The stock has a 50-day moving average of $85.92 and a 200-day moving average of $84.27. The company has a market cap of $43.475 billion and a price-to-earnings ratio of 11.05.
PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that PNC Financial Services Group will post $7.13 earnings per share for the current fiscal year.
In other PNC Financial Services Group news, Director Andrew T. Feldstein bought 25,000 shares of the stock on the open market in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $81.87 per share, with a total value of $2,046,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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