CIT Group (CIT)
NYSE:CIT
CITCIT Group
$48.37
$0.43 (0.9%)

CIT Group Stock Analysis & Ratings

CIT Group Stock Analysis Overview

Smart Score
8
Outperform
1
2
3
4
5
6
7
8
9
10
Learn more about TipRanks Smart Score
The CIT Group stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

Stock Chart

CIT

CIT Stock Stats

Previous Close$47.94
Open$48.25
Bid46.74 x 100
Ask50.85 x 100
Today’s Range$47.37 - $48.97
52-Week Range$15.65 - $55.89
Volume472.50K
Average Volume851.58K
Market Cap$4.79B
Beta1.57
P/E Ratio16.9
EPS2.86
Earnings DateOct 26, 2021
Dividend & Yield1.4 (2.92%)
Ex-Dividend DateJul 29, 2021

Company Description

CIT Group

CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Corporate. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Corporate segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.
Sector
Financial
Industry
Banks
CEO
Ellen R. Alemany
Employees
4,163
Address
11 West 42nd Street, New York, NY, 10036, US

Financials


P/E Ratio Range

The price to earnings ratio. This is used by investors to assess a stock’s market price relative to its earnings.

CIT FAQ

What was CIT Group’s price range in the past 12 months?
CIT Group lowest stock price was $15.65 and its highest was $55.89 in the past 12 months.
    What is CIT Group’s market cap?
    CIT Group’s market cap is $4.79B.
      What is CIT Group’s price target?
      Currently, no data Available
      What do analysts say about CIT Group?
      Not enough analysts have published a price target to provide an average price target.
      When is CIT Group’s upcoming earnings report date?
      CIT Group’s upcoming earnings report date is Oct 26, 2021 which is in 3 months.
        How were CIT Group’s earnings last quarter?
        CIT Group released its earnings results on Jul 27, 2021. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $0.979 by $1.161.
          Is CIT Group overvalued?
          According to Wall Street analysts CIT Group’s price is currently Overvalued.
            Does CIT Group pay dividends?
            CIT Group pays a Quarterly dividend of $0.35 which represents an annual dividend yield of 2.92%. CIT Group’s last Quarterly dividend payment was on Aug 13, 2021. CIT Group’s upcoming ex-dividend date is Jul 29, 2021
              What is CIT Group’s EPS estimate?
              CIT Group’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does CIT Group have?
              CIT Group has 99,070,000 shares outstanding.
                What happened to CIT Group’s price movement after its last earnings report?
                CIT Group reported an EPS of $2.14 in its last earnings report, beating expectations of $0.979. Following the earnings report the stock price went up 0.828%.
                  Which hedge fund is a major shareholder of CIT Group?
                  Among the largest hedge funds holding CIT Group’s share is Hotchkis & Wiley Capital Management LLC. It holds CIT Group’s shares valued at 165M.

                    What's Included in PREMIUM?
                    Make informed decisions based on Top Analysts' activity
                    Know what industry insiders are buying
                    Get actionable alerts from top Wall Street Analysts
                    Find out before anyone else which stock is going to shoot up
                    Get powerful stock screeners & detailed portfolio analysis