PNC Financial Services Group Inc (NYSE: PNC) has a higher price-to-earnings ratio of 11.52x compared to its average ratio. PNC has 36-month beta value of 1.16. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 17 as “hold,” and 0 as “sell.”
The public float for PNC is 396.16M, and currently, short sellers hold a 1.08% ratio of that float. The average trading volume of PNC on April 16, 2024 was 2.14M shares.
PNC) stock’s latest price update
The stock of PNC Financial Services Group Inc (NYSE: PNC) has decreased by -1.55 when compared to last closing price of 149.56.Despite this, the company has seen a loss of -8.77% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that While the top- and bottom-line numbers for The PNC Financial Services Group (PNC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PNC’s Market Performance
PNC Financial Services Group Inc (PNC) has seen a -8.77% fall in stock performance for the week, with a -1.04% decline in the past month and a -1.19% plunge in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 2.06% for PNC. The simple moving average for the past 20 days is -5.59% for PNC’s stock, with a 8.07% simple moving average for the past 200 days.
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 -2.84% 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 -9.25% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.26% lower at present.
During the last 5 trading sessions, PNC fell by -8.46%, which changed the moving average for the period of 200-days by +17.55% in comparison to the 20-day moving average, which settled at $155.86. In addition, PNC Financial Services Group Inc saw -4.91% in overturn over a single year, with a tendency to cut further losses.
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 3.73. 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
To put it simply, PNC Financial Services Group Inc (PNC) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
