In a report released yesterday, Susan Roth Katzke from Credit Suisse maintained a Hold rating on PNC Financial (PNC), with a price target of $146. The company’s shares closed yesterday at $121.89.
According to TipRanks.com, Katzke is a 5-star analyst with an average return of 15.9% and a 68.9% success rate. Katzke covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, State Street Corp, and Bank of America.
Currently, the analyst consensus on PNC Financial is a Moderate Buy with an average price target of $142.89, a 17.2% upside from current levels. In a report issued on January 7, Goldman Sachs also downgraded the stock to Hold with a $144 price target.
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Based on PNC Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.34 billion and net profit of $1.34 billion. In comparison, last year the company earned revenue of $4.94 billion and had a net profit of $2.07 billion.
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PNC Financial Services Group, Inc. engages in the provision of diversified financial services, including retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-backed lending; wealth management and asset management.
