Several analysts have recently updated their ratings and price targets for PNC Financial Services Group (NYSE: PNC):

  • 9/19/2016 – PNC Financial Services Group was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $101.00 price target on the stock, up previously from $94.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/7/2016 – PNC Financial Services Group was given a new $100.00 price target on by analysts at Bank of America Corp.. They now have a “buy” rating on the stock.
  • 8/31/2016 – PNC Financial Services Group had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $96.00 price target on the stock.
  • 8/31/2016 – PNC Financial Services Group was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $90.00 price target on the stock.
  • 8/4/2016 – PNC Financial Services Group had its “outperform” rating reaffirmed by analysts at Robert W. Baird.
  • 8/1/2016 – PNC Financial Services Group was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $100.00 price target on the stock.

PNC Financial Services Group Inc. (NYSE:PNC) traded up 0.42% during trading on Wednesday, hitting $90.74. 1,889,307 shares of the stock were exchanged. The firm’s 50 day moving average price is $87.69 and its 200-day moving average price is $85.67. PNC Financial Services Group Inc. has a 1-year low of $77.40 and a 1-year high of $97.50. The stock has a market cap of $44.59 billion, a price-to-earnings ratio of 12.52 and a beta of 0.88.

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Friday, July 15th. The company reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.07. The business earned $3.79 billion during the quarter. PNC Financial Services Group had a return on equity of 9.22% and a net margin of 24.32%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 earnings per share. On average, analysts anticipate that PNC Financial Services Group Inc. will post $7.10 EPS for the current year.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 33,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $86.49, for a total value of $2,854,170.00. Following the transaction, the insider now owns 87,573 shares of the company’s stock, valued at $7,574,188.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel Hesse acquired 500 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was acquired at an average cost of $82.44 per share, for a total transaction of $41,220.00. Following the transaction, the director now owns 1,100 shares of the company’s stock, valued at approximately $90,684. The disclosure for this purchase can be found here. Insiders own 0.57% of the company’s stock.

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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