Argus Lowers The PNC Financial Services Group (NYSE:PNC) Price Target to $220.00

The PNC Financial Services Group (NYSE:PNCGet Rating) had its price target reduced by analysts at Argus from $245.00 to $220.00 in a report issued on Monday, The Fly reports. Argus’ price objective would suggest a potential upside of 25.71% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Robert W. Baird raised their price objective on The PNC Financial Services Group from $200.00 to $230.00 in a research report on Wednesday, January 19th. Zacks Investment Research downgraded shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $221.00 price target for the company. in a report on Thursday, January 20th. Credit Suisse Group increased their price target on shares of The PNC Financial Services Group from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Wednesday, January 19th. StockNews.com began coverage on shares of The PNC Financial Services Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of The PNC Financial Services Group from $229.50 to $232.50 in a report on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $217.74.

The PNC Financial Services Group stock opened at $175.00 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.78 and a current ratio of 0.75. The stock has a market cap of $73.23 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.21 and a beta of 1.26. The stock’s 50 day simple moving average is $191.95 and its two-hundred day simple moving average is $201.13. The PNC Financial Services Group has a fifty-two week low of $170.14 and a fifty-two week high of $228.14.

The PNC Financial Services Group (NYSE:PNCGet Rating) last posted its quarterly earnings data on Thursday, April 14th. The financial services provider reported $3.23 EPS for the quarter, topping the consensus estimate of $2.78 by $0.45. The PNC Financial Services Group had a return on equity of 12.43% and a net margin of 26.14%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same period in the prior year, the business posted $4.10 EPS. The PNC Financial Services Group’s revenue was up 11.2% on a year-over-year basis. On average, analysts predict that The PNC Financial Services Group will post 13.77 earnings per share for the current year.

In related news, EVP Michael P. Lyons sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $182.59, for a total value of $1,004,245.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citizens National Bank Trust Department bought a new stake in The PNC Financial Services Group during the fourth quarter valued at $28,000. Retirement Planning Co of New England Inc. bought a new stake in The PNC Financial Services Group during the fourth quarter valued at $30,000. D Orazio & Associates Inc. bought a new position in shares of The PNC Financial Services Group during the third quarter worth about $31,000. Guardian Wealth Management Inc. bought a new position in shares of The PNC Financial Services Group during the fourth quarter worth about $32,000. Finally, Kozak & Associates Inc. bought a new position in shares of The PNC Financial Services Group during the third quarter worth about $34,000. 82.59% of the stock is currently owned by hedge funds and other institutional investors.

About The PNC Financial Services Group (Get Rating)

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company's Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

Further Reading

The Fly logo

Analyst Recommendations for The PNC Financial Services Group (NYSE:PNC)

Receive News & Ratings for The PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.