In a report released today, Saul Martinez from UBS upgraded PNC Financial (PNC) to Hold, with a price target of $122.00. The company’s shares closed last Friday at $128.90.
According to TipRanks.com, Martinez is a 1-star analyst with an average return of -1.5% and a 50.8% success rate. Martinez covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Fifth Third Bancorp, and Citizens Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PNC Financial with a $129.11 average price target, a 0.2% upside from current levels. In a report issued on November 16, Raymond James also maintained a Hold rating on the stock.
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PNC Financial’s market cap is currently $54.62B and has a P/E ratio of 7.70. The company has a Price to Book ratio of 1.27.
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PNC Financial Services Group, Inc. engages in the provision of diversified financial services. The company’s financial services include: 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. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers within its primary geographic markets. The Corporate & Institutional segment provides lending, treasury management, and capital markets-related products and services to mid-sized corporations, government and not-for-profit entities, and selectively to large corporations. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a broad range of investment, risk management and technology services to institutional and retail clients worldwide. The company was founded in 1983 and is headquartered in Pittsburgh, PA.
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