PNC Financial Services Group Inc’s (PNC) Stock: A 61.03% Annual Performance Rate

In the past week, PNC stock has gone up by 1.36%, with a monthly gain of 2.21% and a quarterly surge of 0.41%. The volatility ratio for the week is 1.78%, and the volatility levels for the last 30 days are 2.21% for PNC Financial Services Group Inc The simple moving average for the last 20 days is 2.17% for PNC stock, with a simple moving average of 16.51% for the last 200 days.

Is It Worth Investing in PNC Financial Services Group Inc (NYSE: PNC) Right Now?

The price-to-earnings ratio for PNC Financial Services Group Inc (NYSE: PNC) is above average at 12.29x. The 36-month beta value for PNC is also noteworthy at 1.15. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 17 rating it as “hold,” and 0 rating it as “sell.”

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The public float for PNC is 396.17M, and at present, short sellers hold a 1.14% of that float. The average trading volume of PNC on April 04, 2024 was 2.21M shares.

PNC) stock’s latest price update

PNC Financial Services Group Inc (NYSE: PNC)’s stock price has plunge by -0.25relation to previous closing price of 157.54. Nevertheless, the company has seen a 1.36% surge in its stock price over the last five trading sessions. MarketBeat reported 2024-04-03 that The momentum trade has been exhausted by the large-capitalization stocks in the market, especially those in the technology sector, as names like Nvidia Co. NASDAQ: NVDA keep making new all-time highs. For this reason, quants at PGIM believe that Wall Street may soon rotate into small-capitalization stocks to squeeze further returns.

Analysts’ Opinion of PNC

Many brokerage firms have already submitted their reports for PNC stocks, with HSBC Securities repeating the rating for PNC by listing it as a “Hold.” The predicted price for PNC in the upcoming period, according to HSBC Securities is $155 based on the research report published on March 28, 2024 of the current year 2024.

PNC Trading at 4.33% from the 50-Day Moving Average

After a stumble in the market that brought PNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.14% of loss for the given period.

Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +1.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.16% upper at present.

During the last 5 trading sessions, PNC rose by +1.36%, which changed the moving average for the period of 200-days by +22.01% in comparison to the 20-day moving average, which settled at $153.90. In addition, PNC Financial Services Group Inc saw 1.48% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PNC starting from HANNON MICHAEL J, who sale 3,000 shares at the price of $148.82 back on Feb 12 ’24. After this action, HANNON MICHAEL J now owns 36,570 shares of PNC Financial Services Group Inc, valued at $446,465 using the latest closing price.

Deborah Guild, the Executive Vice President of PNC Financial Services Group Inc, sale 1,533 shares at $132.51 during a trade that took place back on Nov 30 ’23, which means that Deborah Guild is holding 17,092 shares at $203,138 based on the most recent closing price.

Stock Fundamentals for PNC

Current profitability levels for the company are sitting at:

  • 0.87 for the present operating margin
  • 0.89 for the gross margin

The net margin for PNC Financial Services Group Inc stands at 0.26. The total capital return value is set at 0.04. Equity return is now at value 11.46, with 0.99 for asset returns.

Based on PNC Financial Services Group Inc (PNC), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.94. The interest coverage ratio of the stock is 1.8.

Currently, EBITDA for the company is 18.75 billion with net debt to EBITDA at 1.7. When we switch over and look at the enterprise to sales, we see a ratio of 3.92. The receivables turnover for the company is 3.33for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.

Conclusion

In summary, PNC Financial Services Group Inc (PNC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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