Last Updated: 09 Nov 2024
Executive Summary
PNC Financial Services Group Inc. (PNC) is a leading financial services company with a market capitalization of $81.33 billion. The company has a strong financial position with a trailing P/E ratio of 17.32 and a forward P/E ratio of 12.82. PNC has a dividend yield of 0.0312% and a quarterly earnings growth rate of -0.031%. The company's revenue has grown by 0.017% year-over-year. The analyst consensus rating for PNC is "Buy" with a target price of $199.62.
Company Overview
PNC Financial Services Group Inc. is a bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. The company's banking subsidiary, PNC Bank, operates in 21 states and the District of Columbia with 2,296 branches and 9,051 ATMs. PNC also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing.
Fundamental Analysis
PNC has a strong financial position with a trailing P/E ratio of 17.32 and a forward P/E ratio of 12.82. The company's dividend yield is 0.0312% and its quarterly earnings growth rate is -0.031%. PNC's revenue has grown by 0.017% year-over-year. The company's return on assets is 0.0093% and its return on equity is 0.099%.
Technical Analysis
PNC's stock price is currently trading at $203.97, which is below its 52-week high of $205.20 and above its 52-week low of $114.43. The stock's 50-day moving average is $184.67 and its 200-day moving average is $164.73. The stock's relative strength index (RSI) is 52.37, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for PNC is mixed. The stock's price is currently trading below its 52-week high, but it is above its 50-day and 200-day moving averages. The stock's RSI is also neutral. Overall, the short-term outlook for PNC is neutral.
Long Term Outlook
The long-term outlook for PNC is positive. The company has a strong financial position and a track record of growth. The company's dividend yield is also attractive. Overall, the long-term outlook for PNC is positive.
Analyst Recommendations
The analyst consensus rating for PNC is "Buy" with a target price of $199.62. Six analysts have a "Strong Buy" rating, nine analysts have a "Buy" rating, eight analysts have a "Hold" rating, two analysts have a "Sell" rating, and zero analysts have a "Strong Sell" rating.
