Credit Suisse analyst Moshe Orenbuch maintained a Hold rating on CIT Group (NYSE: CIT) yesterday and set a price target of $56. The company’s shares closed yesterday at $51.54.
According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 13.0% and a 73.0% 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 $56.42.
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CIT Group’s market cap is currently $5.98B and has a P/E ratio of 19.18. The company has a Price to Book ratio of 0.96.
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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.
