PNC Financial Services Group Inc (NYSE: PNC) has experienced a rise in its stock price by 0.81 compared to its previous closing price of 212.47. However, the company has seen a gain of 4.56% in its stock price over the last five trading days. prnewswire.com reported 2024-11-26 that PITTSBURGH, Nov. 26, 2024 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q.
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 18.12x, Company’s 36-month beta value is 1.14.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 17 as “hold,” and 1 as “sell.”
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The public float for PNC is 395.21M, and currently, short sellers hold a 1.22% ratio of that floaft. The average trading volume of PNC on November 27, 2024 was 1.81M shares.
PNC’s Market Performance
The stock of PNC Financial Services Group Inc (PNC) has seen a 4.56% increase in the past week, with a 12.84% rise in the past month, and a 17.83% gain in the past quarter. The volatility ratio for the week is 1.77%, and the volatility levels for the past 30 days are at 1.83% for PNC. The simple moving average for the past 20 days is 5.61% for PNC’s stock, with a 26.88% simple moving average for the past 200 days.
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 11.40% 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 -0.20% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares surge +14.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.02% upper at present.
During the last 5 trading sessions, PNC rose by +4.56%, which changed the moving average for the period of 200-days by +43.62% in comparison to the 20-day moving average, which settled at $202.82. In addition, PNC Financial Services Group Inc saw 38.33% 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 Juchno Stacy M., who sale 2,000 shares at the price of $212.65 back on Nov 25 ’24. After this action, Juchno Stacy M. now owns 17,330 shares of PNC Financial Services Group Inc, valued at $425,300 using the latest closing price.
DEMCHAK WILLIAM S, the CEO of PNC Financial Services Group Inc, sale 1,242 shares at $205.98 during a trade that took place back on Nov 22 ’24, which means that DEMCHAK WILLIAM S is holding 535,007 shares at $255,827 based on the most recent closing price.
Stock Fundamentals for PNC
Current profitability levels for the company are sitting at:
- 0.6 for the present operating margin
- 0.92 for the gross margin
The net margin for PNC Financial Services Group Inc stands at 0.17. The total capital return value is set at 0.07. Equity return is now at value 9.73, with 0.91 for asset returns.
Based on PNC Financial Services Group Inc (PNC), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.22. The interest coverage ratio of the stock is 1.41.
Currently, EBITDA for the company is 7.77 billion with net debt to EBITDA at 20.73. When we switch over and look at the enterprise to sales, we see a ratio of 3.67. The receivables turnover for the company is 4.58for 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 0.15.
Conclusion
In a nutshell, PNC Financial Services Group Inc (PNC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
