In a report issued on April 1, Gerard Cassidy from RBC Capital maintained a Buy rating on PNC Financial (PNC – Research Report), with a price target of $220.00. The company’s shares closed last Friday at $181.14.
According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 27.0% and a 74.4% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Goldman Sachs Group, and Fifth Third Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PNC Financial with a $225.79 average price target.
PNC Financial’s market cap is currently $75.82B and has a P/E ratio of 14.26.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PNC Financial Services Group, Inc. is a diversified financial services company. Its Retail Banking division provides deposit, lending, investment management, cash management and brokerage services to consumer and small business customers. Under the Corporate and Institutional Banking division, it offers lending, treasury management, and capital markets-related products and services to government entities, large and mid-sized corporations, and non-profit organizations.The Asset Management Group segment provides personal wealth management for high net worth and ultra-high net worth clients and institutional asset management.
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