PNC Financial (PNC) Receives a Rating Update from a Top Analyst
Vining Sparks analyst Marty Mosby maintained a Buy rating on PNC Financial (NYSE: PNC) today and set a price target of $160. The company’s shares opened today at $139.22.
According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.
Currently, the analyst consensus on PNC Financial is a Moderate Buy with an average price target of $158.33.
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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.
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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.