PNC Financial (PNC) Gets a Hold Rating from Oppenheimer


Oppenheimer analyst Chris Kotowski maintained a Hold rating on PNC Financial (NYSE: PNC) today. The company’s shares closed yesterday at $131.61, close to its 52-week low of $130.46.

According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 9.7% and a 61.2% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Fidus Investment Corporation.

Currently, the analyst consensus on PNC Financial is a Moderate Buy with an average price target of $157.

See today’s analyst top recommended stocks >>

Based on PNC Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.81 billion and net profit of $1.34 billion. In comparison, last year the company earned revenue of $4.63 billion and had a net profit of $1.11 billion.

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. Last month, Robert Reilly, the EVP of PNC sold 24,710 shares for a total of $3,471,261.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts