The stock of PNC Financial Services Group Inc (PNC) has seen a -2.56% decrease in the past week, with a -2.81% drop in the past month, and a 13.25% flourish in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 2.15% for PNC. The simple moving average for the last 20 days is -1.14% for PNC stock, with a simple moving average of 12.38% for the last 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 of 15.08x that is above its average ratio. Additionally, the 36-month beta value for PNC is 1.13. 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 395.89M and currently, short sellers hold a 1.39% ratio of that float. The average trading volume of PNC on October 02, 2024 was 1.82M shares.
PNC) stock’s latest price update
The stock price of PNC Financial Services Group Inc (NYSE: PNC) has plunged by -2.68 when compared to previous closing price of 184.85, but the company has seen a -2.56% decline in its stock price over the last five trading sessions. 247wallst.com reported 2024-09-29 that Famed value investor Chris Davis runs Davis Selected Advisors, a hedge fund with $19.9 billion in assets under management.
Analysts’ Opinion of PNC
Many brokerage firms have already submitted their reports for PNC stocks, with BofA Securities repeating the rating for PNC by listing it as a “Buy.” The predicted price for PNC in the upcoming period, according to BofA Securities is $200 based on the research report published on August 15, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see PNC reach a price target of $179, previously predicting the price at $165. The rating they have provided for PNC stocks is “Buy” according to the report published on July 08th, 2024.
HSBC Securities gave a rating of “Hold” to PNC, setting the target price at $155 in the report published on March 28th of the current year.
PNC Trading at 1.11% 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 -4.20% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -2.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.55% upper at present.
During the last 5 trading sessions, PNC fell by -2.56%, which changed the moving average for the period of 200-days by +22.94% in comparison to the 20-day moving average, which settled at $181.73. In addition, PNC Financial Services Group Inc saw 16.17% 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 DEMCHAK WILLIAM S, who sale 1,242 shares at the price of $183.74 back on Sep 27 ’24. After this action, DEMCHAK WILLIAM S now owns 549,733 shares of PNC Financial Services Group Inc, valued at $228,205 using the latest closing price.
DEMCHAK WILLIAM S, the Officer of PNC Financial Services Group Inc, proposed sale 1,242 shares at $183.74 during a trade that took place back on Sep 27 ’24, which means that DEMCHAK WILLIAM S is holding shares at $228,205 based on the most recent closing price.
Stock Fundamentals for PNC
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 0.91 for the gross margin
The net margin for PNC Financial Services Group Inc stands at 0.19. The total capital return value is set at 0.05. Equity return is now at value 10.16, with 0.93 for asset returns.
Based on PNC Financial Services Group Inc (PNC), the company’s capital structure generated 0.58 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 1.38. The interest coverage ratio of the stock is 0.98.
Currently, EBITDA for the company is 18.75 billion with net debt to EBITDA at 7.31. When we switch over and look at the enterprise to sales, we see a ratio of 3.87. The receivables turnover for the company is 4.18for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.14.
Conclusion
In conclusion, PNC Financial Services Group Inc (PNC) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
