In the past week, PNC stock has gone up by 2.10%, with a monthly decline of -2.60% and a quarterly surge of 6.10%. The volatility ratio for the week is 1.43%, and the volatility levels for the last 30 days are 2.01% for PNC Financial Services Group Inc The simple moving average for the past 20 days is 2.26% for PNC’s stock, with a 13.64% 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 higher price-to-earnings ratio of 13.21x 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 396.31M, and currently, short sellers hold a 1.34% ratio of that float. The average trading volume of PNC on May 09, 2024 was 1.91M shares.
PNC) stock’s latest price update
The stock of PNC Financial Services Group Inc (NYSE: PNC) has increased by 0.68 when compared to last closing price of 156.15.Despite this, the company has seen a gain of 2.10% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that PNC Financial (PNC) partners with TCW to offer private credit solutions to middle-market companies. This will help it tap into the expanding private credit market.
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 2.28% 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 -3.10% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +1.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.71% upper at present.
During the last 5 trading sessions, PNC rose by +2.10%, which changed the moving average for the period of 200-days by +15.94% in comparison to the 20-day moving average, which settled at $153.85. In addition, PNC Financial Services Group Inc saw 1.52% 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 Bynum Richard Kevin, who sale 850 shares at the price of $155.87 back on May 07 ’24. After this action, Bynum Richard Kevin now owns 3,502 shares of PNC Financial Services Group Inc, valued at $132,490 using the latest closing price.
HANNON MICHAEL J, the Executive Vice President of PNC Financial Services Group Inc, sale 3,000 shares at $148.82 during a trade that took place back on Feb 12 ’24, which means that HANNON MICHAEL J is holding 36,570 shares at $446,465 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
- 0.9 for the gross margin
The net margin for PNC Financial Services Group Inc stands at 0.21. The total capital return value is set at 0.07. Equity return is now at value 10.37, 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 0.13. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is 1.42.
Currently, EBITDA for the company is 18.75 billion with net debt to EBITDA at 1.65. When we switch over and look at the enterprise to sales, we see a ratio of 3.15. The receivables turnover for the company is 3.83for 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 0.20.
Conclusion
To put it simply, PNC Financial Services Group Inc (PNC) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
