Morgan Stanley Forecasts Strong Price Appreciation for The PNC Financial Services Group (NYSE:PNC) Stock

The PNC Financial Services Group (NYSE:PNC) had its price objective upped by Morgan Stanley from $211.00 to $221.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential downside of 2.00% from the stock’s previous close.

Other analysts also recently issued reports about the company. Oppenheimer raised their target price on The PNC Financial Services Group from $268.00 to $284.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD Cowen lifted their price objective on The PNC Financial Services Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Truist Financial upped their price objective on shares of The PNC Financial Services Group from $210.00 to $229.00 and gave the company a “hold” rating in a report on Thursday, December 18th. Keefe, Bruyette & Woods increased their target price on shares of The PNC Financial Services Group from $228.00 to $247.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Piper Sandler raised shares of The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $211.00 to $220.00 in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $231.00.

The PNC Financial Services Group Stock Performance

Shares of PNC stock opened at $225.51 on Tuesday. The firm has a market cap of $88.44 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 0.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 0.81. The PNC Financial Services Group has a 52 week low of $145.12 and a 52 week high of $227.78. The firm’s 50-day simple moving average is $204.94 and its two-hundred day simple moving average is $197.88.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, January 16th. The financial services provider reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.65. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.90 billion. The PNC Financial Services Group had a net margin of 20.40% and a return on equity of 11.87%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.77 EPS. As a group, equities analysts forecast that The PNC Financial Services Group will post 15.37 earnings per share for the current year.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael Duane Thomas sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $183.57, for a total value of $183,570.00. Following the completion of the sale, the executive vice president directly owned 5,802 shares in the company, valued at approximately $1,065,073.14. The trade was a 14.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Guild Deborah sold 1,080 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $186.97, for a total transaction of $201,927.60. Following the transaction, the executive vice president directly owned 27,335 shares in the company, valued at approximately $5,110,824.95. This represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.41% of the stock is currently owned by corporate insiders.

Institutional Trading of The PNC Financial Services Group

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of The PNC Financial Services Group in the third quarter worth about $25,000. IMG Wealth Management Inc. bought a new position in The PNC Financial Services Group during the 2nd quarter worth approximately $27,000. Beacon Financial Strategies CORP purchased a new position in The PNC Financial Services Group in the 4th quarter worth approximately $35,000. Concord Wealth Partners increased its stake in The PNC Financial Services Group by 144.9% in the 2nd quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, Westfuller Advisors LLC bought a new stake in The PNC Financial Services Group in the third quarter valued at approximately $34,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting The PNC Financial Services Group

Here are the key news stories impacting The PNC Financial Services Group this week:

• Positive Sentiment: Analysts broadly raised earnings and outlooks after PNC’s stronger-than-expected Q4 results, reinforcing bullish sentiment and prompting revised models. PNC Financial Analysts Raise Their Forecasts After Upbeat Q4 Earnings
• Positive Sentiment: Oppenheimer raised its price target to $284 and kept an “outperform” rating — the largest implied upside among the updates, signaling strong buy-side conviction. Article Title
• Positive Sentiment: TD Cowen boosted its target to $260 and moved to a “buy” rating, highlighting roughly mid-teens upside versus the current level. Article Title
• Positive Sentiment: Wells Fargo raised its PT to $264 with an “overweight” call, another sizable upside estimate supporting the rally. Article Title
• Positive Sentiment: Royal Bank of Canada bumped its target to $235 and kept an “outperform” stance, adding modest incremental upside. Article Title
• Neutral Sentiment: Keefe, Bruyette & Woods raised its target to $247 but maintained a “market perform” rating — a target lift that’s supportive but not a clear bullish endorsement. Article Title
• Negative Sentiment: Morgan Stanley raised its price target to $221 but kept an “underweight” rating, implying limited downside from current levels and providing a cautionary counterpoint for more risk-averse investors. Article Title

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.