The PNC Financial Services Group Inc. (NYSE:PNC) finished Wednesday with an addition of $0.39 to close at $119.41, an upside of 0.33 percent. An average of 1,443,540 shares of common stock have been traded in the last five days. There was a fall of -$3.32 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,877,640 shares traded, while the 50-day average volume stands at 2,265,962.
PNC stock has decreased by -10.58% in the last month. The company shares reached their 1-month lowest point of $118.12 on 08/23/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $110.31 and a high of $170.27 in 52 weeks. It has reached a new high 4 times so far this year and lost -24.40% or -$38.53 in price. In spite of this, the price is down -29.87% from the 52-week high.
Insider Transactions
PNC stock investors should be aware that The PNC Financial Services Group Inc. (PNC) stock had its last reported insider trading activity 163 days ago on Jun 07. In this transaction, the insider spent $751,992. Executive Vice President, Deborah Guild, disposed of 2,833 shares at a price of $159.66 on Nov 17. The insider now owns more than $452,307 worth of shares.
Valuation Metrics
The PNC Financial Services Group Inc. (PNC) has a trailing price-to-earnings (P/E) ratio of 8.20. The stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.29, the price-to-book (PB) ratio at 0.97, and the price-to-cash flow ratio at 3.79.
The company has a payout ratio of 41.20%. The company’s most recent quarterly dividend payment was $1.55 a share, representing a up of 3.33% from $1.50 last year. Its latest increase dividend $0.05 reported on Monday July 3 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.64 for the quarter ending June 29. Its gross profit as reported stood at $13.01 billion compared to revenue of $15.44 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The PNC Financial Services Group Inc.’s return on assets was 1.10%.
Earnings Surprise
For the three-month period that ended June 29, The PNC Financial Services Group Inc. had $5.55 billion in total debt. The analyst consensus anticipated The PNC Financial Services Group Inc.’s latest quarter earnings to come in at $3.28 per share, but it turned out to be $3.36, a 2.40% surprise. At the end of the quarter ending June 29, The PNC Financial Services Group Inc.’s stock balance sheet showed total debt was $69.95 billion. Shareholders own equity worth $398.25 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The PNC Financial Services Group Inc. (PNC) price momentum. RSI 9-day as of the close on 23 August was 25.27%, suggesting the stock is oversold, with historical volatility in this time frame at 23.41%.
As of today, PNC’s price is $121.61 -2.71% or -$3.32 from its 5-day moving average. PNC is currently trading -12.20% lower than its 20-day SMA and -6.00% lower than its 100-day SMA. However, the stock’s current price level is -6.28% below the SMA50 and -22.11% below the SMA200.
The stochastic %K and %D were 6.80% and 7.57%, respectively, and the average true range (ATR) was 2.82. With the 14-day stochastic at 8.26% and the average true range at 2.92, the RSI (14) stands at 32.29%. The stock has reached -3.06 on the 9-day MACD Oscillator while the 14-day reading was at -5.33.
Analyst Ratings
Odeon downgraded The PNC Financial Services Group Inc. (NYSE: PNC) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for The PNC Financial Services Group Inc. (PNC) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell PNC, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 9 others rate it as a “buy”.
What is PNC’s price target for the next 12 months?
Analysts predict a range of price targets between $112.00 and $176.00, with a median target of $139.50. Taking a look at these predictions, the average price target given by analysts for The PNC Financial Services Group Inc. (PNC) stock is $141.00.
