In a report released on January 18, Gerard Cassidy from RBC Capital maintained a Buy rating on PNC Financial (PNC – Research Report), with a price target of $185.00. The company’s shares closed yesterday at $154.87.
Cassidy covers the Financial sector, focusing on stocks such as Bank of America, Bank of New York Mellon Corporation, and Citigroup. According to TipRanks, Cassidy has an average return of 25.4% and a 73.54% success rate on recommended stocks.
In addition to RBC Capital, PNC Financial also received a Buy from Robert W. Baird’s David George in a report issued on January 18. However, on January 19, Credit Suisse maintained a Hold rating on PNC Financial (NYSE: PNC).
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $206.84 and a one-year low of $140.85. Currently, PNC Financial has an average volume of 2.37M.
Based on the recent corporate insider activity of 57 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.
Read More on PNC:
- PNC Financial price target lowered to $205 from $210 at Baird
- PNC Financial price target lowered to $165 from $170 at Credit Suisse
- Unusually active option classes on open January 18th
- PNC Financial says well capitalized with flexibility
- PNC Financial says continues to grow loan book in ‘disciplined manner’