JPMorgan Chase & Co. Reaffirms Overweight Rating for PNC Financial Services Group (PNC)
PNC Financial Services Group (NYSE:PNC)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a $95.00 price target on the stock, up from their previous price target of $94.50. JPMorgan Chase & Co.’s price target indicates a potential upside of 11.54% from the company’s current price.
PNC Financial Services Group (NYSE:PNC) traded up 0.40% during mid-day trading on Thursday, hitting $85.50. The stock had a trading volume of 593,560 shares. PNC Financial Services Group has a one year low of $70.63 and a one year high of $90.00. The stock has a 50-day moving average of $83.46 and a 200-day moving average of $84.68. The company has a market cap of $46.218 billion and a price-to-earnings ratio of 11.58.
PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $1.85 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.99 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts predict that PNC Financial Services Group will post $7.12 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PNC. Analysts at Zacks reiterated a “neutral” rating on shares of PNC Financial Services Group in a research note on Friday, August 22nd. They now have a $89.00 price target on the stock. Separately, 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. Finally, 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. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $92.41.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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