Several brokerages have updated their recommendations and price targets on shares of PNC Financial Services Group, Inc. (The) (NYSE: PNC) in the last few weeks:

  • 10/3/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 10/1/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $135.00 price target on the stock.
  • 9/30/2017 – PNC Financial Services Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $132.00 price target on the stock, up previously from $129.00.
  • 9/28/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at Nomura from $129.00 to $132.00. They now have a “neutral” rating on the stock.
  • 9/26/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $136.00 price target on the stock, up previously from $130.00.
  • 9/19/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $144.00 price target on the stock. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 9/12/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 9/5/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $140.00 price target on the stock. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 8/28/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $135.00 price target on the stock.
  • 8/27/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $134.00 price target on the stock.
  • 8/12/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/11/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $136.00 price target on the stock.
  • 8/9/2017 – PNC Financial Services Group, Inc. (The) is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $119.00 price target on the stock.

PNC Financial Services Group, Inc. (NYSE PNC) traded down 0.70% on Tuesday, hitting $134.18. The stock had a trading volume of 2,182,668 shares. PNC Financial Services Group, Inc. has a 52 week low of $87.34 and a 52 week high of $135.73. The company has a market capitalization of $64.30 billion, a price-to-earnings ratio of 17.08 and a beta of 0.95. The firm has a 50-day moving average of $128.64 and a 200 day moving average of $124.22.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its earnings results on Friday, July 14th. The financial services provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.08. PNC Financial Services Group, Inc. (The) had a return on equity of 9.17% and a net margin of 24.50%. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business posted $1.82 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. On average, analysts predict that PNC Financial Services Group, Inc. will post $8.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.24%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 38.12%.

In other PNC Financial Services Group, Inc. (The) news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $128.31, for a total transaction of $641,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael J. Hannon sold 24,111 shares of PNC Financial Services Group, Inc. (The) stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $126.45, for a total value of $3,048,835.95. Following the sale, the insider now directly owns 83,931 shares of the company’s stock, valued at $10,613,074.95. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Receive News & Ratings for PNC Financial Services Group Inc (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group Inc (The) and related companies with MarketBeat.com's FREE daily email newsletter.