A share price of PNC Financial Services Group Inc [PNC] is currently trading at $157.81, up 2.60%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PNC shares have gain 6.28% over the last week, with a monthly amount glided 7.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PNC Financial Services Group Inc [NYSE: PNC] stock has seen the most recent analyst activity on December 14, 2023, when Odeon upgraded its rating to a Buy. Previously, BofA Securities upgraded its rating to Neutral on October 11, 2023. On September 07, 2023, HSBC Securities initiated with a Reduce rating and assigned a price target of $110 on the stock. Odeon downgraded its rating to a Hold. Keefe Bruyette downgraded its rating to a Underperform and reduced its price target to $125 on April 06, 2023. Citigroup upgraded its rating to Buy for this stock on March 13, 2023, but kept the price target unchanged to $175. In a note dated January 10, 2023, Odeon upgraded an Buy rating on this stock but restated the target price of $176.27.
PNC Financial Services Group Inc experienced fluctuations in its stock price throughout the past year between $109.40 and $157.69. Currently, Wall Street analysts expect the stock to reach $199.27 within the next 12 months. PNC Financial Services Group Inc [NYSE: PNC] shares were valued at $157.81 at the most recent close of the market. An investor can expect a potential return of 26.27% based on the average PNC price forecast.
Analyzing the PNC fundamentals
Trailing Twelve Months sales for PNC Financial Services Group Inc [NYSE:PNC] were 31.62B which represents 10.80% growth. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.87%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 155.46 points at the first support level, and at 153.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.31, and for the 2nd resistance point, it is at 160.81.
PNC Financial Services Group Inc [PNC] reported earnings per share of $3.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.94/share, meaning a difference of $0.22 and a surprise factor of 7.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.6 per share as compared to estimates of $3.11 per share, a difference of $0.49 representing a surprise of 15.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for PNC Financial Services Group Inc [NYSE:PNC] is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 12.35.
Transactions by insiders
Recent insider trading involved HANNON MICHAEL J, Executive Vice President, that happened on Feb 12 ’24 when 3000.0 shares were sold. Executive Vice President, Deborah Guild completed a deal on Nov 30 ’23 to sell 1533.0 shares. Meanwhile, Director Salesky Bryan Scott bought 400.0 shares on Jun 07 ’23.
