At the time of writing, PNC Financial Services Group Inc [PNC] stock is trading at $176.98, up 4.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The PNC shares have gain 9.58% over the last week, with a monthly amount glided 16.63%, 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 July 08, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $179 from $165. Previously, HSBC Securities upgraded its rating to Hold on March 28, 2024, and elevated its price target to $155. On December 14, 2023, upgrade upgraded it’s rating to Buy. BofA Securities upgraded its rating to a Neutral. HSBC Securities initiated its recommendation with a Reduce and recommended $110 as its price target on September 07, 2023. Odeon downgraded its rating to Hold for this stock on July 21, 2023. In a note dated April 06, 2023, Keefe Bruyette downgraded an Underperform rating on this stock and revised its target price from $157 to $125.
For the past year, the stock price of PNC Financial Services Group Inc fluctuated between $109.40 and $170.91. Currently, Wall Street analysts expect the stock to reach $188.83 within the next 12 months. PNC Financial Services Group Inc [NYSE: PNC] shares were valued at $176.98 at the most recent close of the market. An investor can expect a potential return of 6.7% based on the average PNC price forecast.
Analyzing the PNC fundamentals
According to PNC Financial Services Group Inc [NYSE:PNC], the company’s sales were 32.43B for trailing twelve months, which represents an 10.50% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.44.
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 171.21 points at the first support level, and at 165.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 180.29, and for the 2nd resistance point, it is at 183.60.
Ratios To Look Out For
It is important to note that PNC Financial Services Group Inc [NYSE:PNC] has a current ratio of 0.20. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 14.87.
Transactions by insiders
Recent insider trading involved DEMCHAK WILLIAM S, CEO, that happened on Jul 12 ’24 when 1242.0 shares were sold. CEO, DEMCHAK WILLIAM S completed a deal on Jul 09 ’24 to sell 2404.0 shares. Meanwhile, CEO DEMCHAK WILLIAM S sold 641.0 shares on Jul 05 ’24.
