PNC Financial Services Group Inc (NYSE:PNC) shares, rose in value, with the stock price up by 0.31% to the previous day’s close as strong demand from buyers drove the stock to $157.37.
Actively observing the price movement in the last trading, the stock closed the session at $156.88. The value of beta (5-year monthly) was 1.15 whereas the PE ratio was 12.31 over 12-month period. Referring to stock’s 52-week performance, its high was $162.24, and the low was $109.40. On the whole, PNC has fluctuated by 4.65% over the past month.
With the market capitalization of PNC Financial Services Group Inc currently standing at about $62.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 16, 2024. The company’s Forward Dividend Ratio is 6.15, with its dividend yield at 3.91%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $3.03, which is expected to increase to $3.2 for fiscal year $12.43 and then to about $14.14 by fiscal year 2025. Data indicates that the EPS growth is expected to be -11.80% in 2025, while the next year’s EPS growth is forecast to be 13.80%.
Analysts have estimated the company’s revenue for the quarter at $5.19 billion, with a low estimate of $5.12 billion and a high estimate of $5.25 billion. According to the average forecast, sales growth in current quarter could jump down -7.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $21.33 billion, representing a decrease of -0.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that PNC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PNC currently trading nearly 2.04% and 4.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.40, while the 7-day volatility ratio is showing 1.54% which for the 30-day chart, stands at 2.05%. Furthermore, PNC Financial Services Group Inc (PNC)’s beta value is 1.15, and its average true range (ATR) is 3.27.
A comparison of PNC Financial Services Group Inc (PNC) with its peers suggests the former has fared considerably weaker in the market. PNC showed an intraday change of 0.31% in last session, and over the past year, it grew by 28.12%%.
Data on historical trading for PNC Financial Services Group Inc (NYSE:PNC) indicates that the trading volumes over the past 10 days have averaged 1.58 million and over the past 3 months, they’ve averaged 2.18 million. According to company’s latest data on outstanding shares, there are 398.03 million shares outstanding.
Nearly 0.41% of PNC Financial Services Group Inc’s shares belong to company insiders and institutional investors own 85.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.5 million shares as on Mar 15, 2024, resulting in a short ratio of 1.82. According to the data, the short interest in PNC Financial Services Group Inc (PNC) stood at 1.13% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.07 million. The stock has risen by 1.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PNC stock heading into the next quarter.
