Jefferies analyst Ken Usdin reiterated a Hold rating on PNC Financial (NYSE: PNC) on July 9 and set a price target of $149. The company’s shares closed yesterday at $138.32.
According to TipRanks.com, Usdin is a top 25 analyst with an average return of 25.4% and a 84.8% success rate. Usdin covers the Financial sector, focusing on stocks such as Bank Of Hawaii Corp, State Street Corp, and Bank of America.
PNC Financial has an analyst consensus of Strong Buy, with a price target consensus of $156.83, which is a 13.4% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.
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Based on PNC Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.58 billion and net profit of $1.22 billion. In comparison, last year the company earned revenue of $4.53 billion and had a net profit of $1.08 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.
