Brokerages Set PNC Financial Services Group Inc (PNC) PT at $149.39

Shares of PNC Financial Services Group Inc (NYSE:PNC) have earned a consensus rating of “Hold” from the twenty-seven brokerages that are covering the firm, Marketbeat.com reports. Nineteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $149.39.

PNC has been the subject of several research reports. Zacks Investment Research downgraded PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Bank of America boosted their target price on PNC Financial Services Group from $160.00 to $166.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Finally, Susquehanna Bancshares set a $147.00 target price on PNC Financial Services Group and gave the company a “hold” rating in a report on Tuesday, April 10th.

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A number of institutional investors and hedge funds have recently bought and sold shares of PNC. Stelac Advisory Services LLC acquired a new position in PNC Financial Services Group during the 1st quarter worth approximately $102,000. Braun Bostich & Associates Inc. acquired a new position in PNC Financial Services Group during the 1st quarter worth approximately $105,000. Truewealth LLC acquired a new position in PNC Financial Services Group during the 4th quarter worth approximately $107,000. Crewe Advisors LLC acquired a new position in PNC Financial Services Group during the 4th quarter worth approximately $134,000. Finally, McKinley Carter Wealth Services Inc. acquired a new position in PNC Financial Services Group during the 1st quarter worth approximately $150,000. 81.03% of the stock is owned by hedge funds and other institutional investors.

Shares of PNC Financial Services Group traded down $0.35, hitting $142.15, on Thursday, Marketbeat.com reports. The stock had a trading volume of 3,222,900 shares, compared to its average volume of 2,273,118. PNC Financial Services Group has a 52-week low of $118.89 and a 52-week high of $163.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $67.59 billion, a P/E ratio of 16.72, a PEG ratio of 1.36 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Friday, April 13th. The financial services provider reported $2.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.42 by $0.01. PNC Financial Services Group had a return on equity of 9.82% and a net margin of 29.85%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. analysts forecast that PNC Financial Services Group will post 10.53 earnings per share for the current year.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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