In a report issued on July 2, Moshe Orenbuch from Credit Suisse maintained a Hold rating on CIT Group (NYSE: CIT), with a price target of $56. The company’s shares closed yesterday at $50.52.
According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 13.7% and a 73.5% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, Santander Consumer USA, and Capital One Financial.
Currently, the analyst consensus on CIT Group is a Moderate Buy with an average price target of $55.40.
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CIT Group’s market cap is currently $6.49B and has a P/E ratio of 31.27. The company has a Price to Book ratio of 0.95.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.
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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 Non-Strategic Portfolios. The Commercial Banking segment consists of four divisions, commercial finance, rail, real estate finance and business capital.
