PNC Financial Services Stock Rating Reaffirmed by TheStreet (PNC)
PNC Financial Services (NYSE: PNC)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Monday.
The analysts wrote, “PNC Financial Services Group (PNC) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in stock price during the past year, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
PNC Financial Services traded up 0.33% on Monday, hitting $65.235. PNC Financial Services has a 52-week low of $53.36 and a 52-week high of $67.89. The stock’s 50-day moving average is currently $62.91. The company has a market cap of $34.472 billion and a price-to-earnings ratio of 12.27.
PNC Financial Services last issued its quarterly earnings data on Thursday, January 17th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.13. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the company posted $1.15 earnings per share. PNC Financial Services’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that PNC Financial Services will post $6.53 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PNC. Analysts at FBR Capital reiterated an “outperform” rating on shares of PNC Financial Services in a research note to investors on Friday. They now have a $68.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PNC Financial Services in a research note to investors on Wednesday, March 6th. They now have a $67.00 price target on the stock. Finally, analysts at SunTrust downgraded shares of PNC Financial Services from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, February 6th.
Sixteen analysts have rated the stock with a buy rating, four have issued an overweight rating, thirteen have given a hold rating, and one has assigned an underweight rating to the company’s stock. PNC Financial Services currently has an average rating of “overweight” and an average target price of $68.83.
The PNC Financial Services Group, Inc. (PNC) is a financial service company. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking, providing its products and services nationally and others in its markets located in Pennsylvania, Virginia, Missouri, Wisconsin and Georgia.
To view TheStreet’s full report, visit www.thestreetratings.com
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