Is PNC Financial Services Group Inc (PNC) Stock a Good Buy for Short-term Investors?

A share price of PNC Financial Services Group Inc [PNC] is currently trading at $158.84, up 1.73%. 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 4.57% over the last week, with a monthly amount glided 0.92%, 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 March 28, 2024, when HSBC Securities upgraded its rating to a Hold and also boosted its price target to $155 from $141. Previously, Odeon upgraded its rating to Buy on December 14, 2023. On October 11, 2023, upgrade upgraded it’s rating to Neutral. HSBC Securities started tracking the stock assigning a Reduce rating and suggested a price target of $110 on September 07, 2023. Odeon downgraded its rating to a Hold. Keefe Bruyette downgraded its rating to Underperform for this stock on April 06, 2023, and downed its price target to $125. In a note dated March 13, 2023, Citigroup upgraded an Buy rating on this stock but restated the target price of $175.

PNC Financial Services Group Inc experienced fluctuations in its stock price throughout the past year between $109.40 and $162.24. Currently, Wall Street analysts expect the stock to reach $188.67 within the next 12 months. PNC Financial Services Group Inc [NYSE: PNC] shares were valued at $158.84 at the most recent close of the market. An investor can expect a potential return of 18.78% based on the average PNC price forecast.

Analyzing the PNC fundamentals

Trailing Twelve Months sales for PNC Financial Services Group Inc [NYSE:PNC] were 32.43B which represents 10.50% growth. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.67%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.44.

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 156.56 points at the first support level, and at 154.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.01, and for the 2nd resistance point, it is at 161.18.

Ratios To Look Out For

To put it in perspective, the Current Ratio for PNC Financial Services Group Inc [NYSE:PNC] is 0.20. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 13.34.

Transactions by insiders

Recent insider trading involved DEMCHAK WILLIAM S, CEO, that happened on Jun 28 ’24 when 641.0 shares were sold. CEO, DEMCHAK WILLIAM S completed a deal on Jun 21 ’24 to sell 641.0 shares. Meanwhile, CEO DEMCHAK WILLIAM S sold 641.0 shares on Jun 14 ’24.

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