The PNC Financial Services Group (NYSE:PNC) Target Raised by Royal Bank of Canada to $220.00

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The PNC Financial Services Group stock has undergone multiple analysts rating changes in the recent past.  The PNC Financial Services Group stock Target Raised by Royal Bank of Canada on 10/18/2021. In a note to investors, the firm issued a new target price of $220.00. The analysts previously had $200.00 target price. Royal Bank of Canada’s price target would indicate a potential upside of 9.69% from the stock’s previous close.

Shares of The PNC Financial Services Group traded up $0.59 on friday, reaching $199.72. 1027831 shares of the stock traded hands, compared to its average volume of 1747071. On friday, Shares of The PNC Financial Services Group closed at $199.72. The firm’s 50 day moving average is $193.31 and its 200 day moving average is $181.92.The PNC Financial Services Group  has a 12 month low of $106.85 and a 12 month high of $204.93. While on yearly highs and lows, The PNC Financial Services Group today has traded high as $200.85 and has touched $197.62 on the downward trend.

The PNC Financial Services Group Earnings and What to expect: 

The PNC Financial Services Group last announced its earnings results on October 14th, 2021. The financial services provider reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.05 billion. Its revenue for the quarter was up 21.4% compared to the same quarter last year. The PNC Financial Services Group has generated $6.36 earnings per share over the last year ($13.18 diluted earnings per share) and currently has a price-to-earnings ratio of 15.1. Earnings for The PNC Financial Services Group are expected to decrease by -3.78% in the coming year, from $14.80 to $14.24 per share. The PNC Financial Services Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, January 21st, 2022 based off prior year’s report dates.

Earnings for The PNC Financial Services Group are expected to decrease by -3.78% in the coming year, from $14.80 to $14.24 per share. The P/E ratio of The PNC Financial Services Group is 15.08, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.67. The P/E ratio of The PNC Financial Services Group is 15.08, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 13.91. The PNC Financial Services Group has a PEG Ratio of 0.51. PEG Ratios below 1 indicate that a company could be undervalued. The PNC Financial Services Group has a P/B Ratio of 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

The PNC Financial Services Group (NYSE:PNC) Moving Average Technical Analysis

5 day Moving Average is $$201.32 And 5 day price change is -$1.16 (-0.58%)  with average volume for 5 day average is 1,885,349. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $198.03 and 20 day price change is $15.22 (8.24%) and average 20 day moving volume is 1,588,452. 50 day moving average is $193.31  and 50 day price change is $9.62 ( 5.06%)  and with average volume for 50 days is : 1,662,999. 200 day moving average is $181.92  and 200 day price change is $50.89 (34.15%)  and with average volume for 200 days is : 1,760,698.

Other owners latest trading in The PNC Financial Services Group :

  • On 10/18/2021 shares held by Symmetry Partners LLC were 2,888 which equates to market value of $0.58M and appx 0.00% owners of The PNC Financial Services Group
  • On 10/15/2021 shares held by AdvisorNet Financial Inc were 4,194 which equates to market value of $0.82M and appx 0.10% owners of The PNC Financial Services Group
  • On 10/15/2021 shares held by Intersect Capital LLC were 1,426 which equates to market value of $0.28M and appx 0.00% owners of The PNC Financial Services Group
  • In total Institutional ownership equates to Institutional Ownership Percentage: 81.76% for The PNC Financial Services Group

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