The stock of PNC Financial Services Group Inc (PNC) has seen a 7.55% increase in the past week, with a 1.35% gain in the past month, and a 5.14% flourish in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 2.08% for PNC. The simple moving average for the past 20 days is 1.62% for PNC’s stock, with a 15.17% simple moving average for the past 200 days.
Is It Worth Investing in PNC Financial Services Group Inc (NYSE: PNC) Right Now?
PNC Financial Services Group Inc (NYSE: PNC) has a price-to-earnings ratio that is above its average at 13.24x. The stock has a 36-month beta value of 1.15. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 4 as “overweight,” 17 as “hold,” and 0 as “sell.”
The public float for PNC is 396.24M, and at present, short sellers hold a 1.08% of that float. On April 24, 2024, the average trading volume of PNC was 2.08M shares.
PNC) stock’s latest price update
The stock of PNC Financial Services Group Inc (NYSE: PNC) has increased by 1.08 when compared to last closing price of 155.93. Despite this, the company has experienced a 7.55% gain in its stock price over the last five trading sessions. PYMNTS reported 2024-04-16 that PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%.
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 3.86% 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 -2.85% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +1.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.66% upper at present.
During the last 5 trading sessions, PNC rose by +7.55%, which changed the moving average for the period of 200-days by +25.48% in comparison to the 20-day moving average, which settled at $155.23. In addition, PNC Financial Services Group Inc saw 1.78% 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:
- 0.67 for the present operating margin
- 0.93 for the gross margin
The net margin for PNC Financial Services Group Inc stands at 0.22. The total capital return value is set at 0.03. Equity return is now at value 10.38, with 0.92 for asset returns.
Based on PNC Financial Services Group Inc (PNC), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.42. The interest coverage ratio of the stock is 1.73.
Currently, EBITDA for the company is 18.75 billion with net debt to EBITDA at 15.06. When we switch over and look at the enterprise to sales, we see a ratio of 8.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
Conclusion
To sum up, PNC Financial Services Group Inc (PNC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
