PNC Financial Services Group Inc (NYSE:PNC) saw a downside of -0.57% to $120.90 after subtracting -$0.69 on Wednesday. The 5-day average trading volume is 1,401,089 shares of the company’s common stock. It has gained $124.64 in the past week and touched a new high 1 time within the past 5 days. An average of 1,910,217 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,068,779.
PNC’s 1-month performance is 2.10% or $3.69 on its low of $115.02 reached on 09/08/23. The company’s shares have touched a 52-week low of $110.31 and high of $170.27, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, PNC has lost -23.45% or -$36.51 and has reached a new high 4 times. However, the current price is down -29.00% from the 52-week high price.
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Insider Transactions
PNC stock investors last saw insider trading activity on Jun 07.Lyons Michael P. (Executive Vice President) most recently sold 5,800 shares at $129.65 per share on Mar 14. This transaction cost the insider $751,992. Executive Vice President, Deborah Guild, sold 2,833 shares at a price of $159.66 on Nov 17.
Valuation Metrics
PNC stock has a beta of 1.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.67 while the price-to-book (PB) in the most recent quarter is 1.14, with the price to cash flow ratio at 4.44.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.25, while the total debt to equity was 1.33. The firm’s gross profit as reported stood at $13.01 billion against revenue of $15.44 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PNC to announce $3.28 per share in earnings in its latest quarter, but it posted $3.36, representing a 2.40% surprise. Shareholders hold equity totaling $398.25 million.
Let’s look briefly at PNC Financial Services Group Inc (PNC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 45.70% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.43%.
The stock’s 5-day moving average is $121.73, reflecting a -2.03% or -$2.52 change from its current price. PNC is currently trading +0.70% above its 20-day SMA, +6.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.84% and SMA200 by-21.32%.
Stochastic %K and %D was 55.23% and 54.71% and the average true range (ATR) pointed at 2.43. The RSI (14) points at 46.47%, while the 14-day stochastic is at 51.61% with the period’s ATR at 2.57. The stock’s 9-day MACD Oscillator is pointing at -1.21 and -0.85 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PNC Financial Services Group Inc (NYSE: PNC), HSBC Securities launched coverage with a Reduce rating. Analysts offering their rating for PNC stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate PNC as a “sell,”, while 11 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 9 have offered a “buy” rating.
What is PNC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $110.00 and a high of $176.00, with their median price target at $139.50. Looking at these predictions, the average price target given by analysts is for PNC Financial Services Group Inc (PNC) stock is $140.25.
