The PNC Financial Services Group, Inc (NYSE:PNC) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts have assigned a "Moderate Buy" rating to The PNC Financial Services Group, with a mix of sell, hold, buy, and strong buy ratings from twenty analysts covering the firm.
• Recent upgrades from major brokers include Citigroup raising their target price from $217.00 to $230.00 and Truist Financial increasing their price target from $201.00 to $210.00.
• PNC posted an earnings per share (EPS) of $3.85, exceeding analyst estimates by $0.29, with a revenue of $3.01 billion for the last quarter.

Shares of The PNC Financial Services Group, Inc (NYSE:PNC - Get Free Report) have received an average rating of "Moderate Buy" from the twenty analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $216.5556.

PNC has been the subject of a number of recent research reports. Citigroup increased their target price on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the company a "buy" rating in a research report on Tuesday, September 23rd. Truist Financial upped their price objective on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the company a "hold" rating in a report on Wednesday, September 24th. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and upped their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Oppenheimer dropped their price objective on shares of The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Finally, Evercore ISI upped their price objective on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Tuesday.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $198.64 on Thursday. The firm has a 50-day simple moving average of $198.58 and a 200-day simple moving average of $182.62. The stock has a market capitalization of $78.23 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group has a 52 week low of $145.12 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict that The PNC Financial Services Group will post 15.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The PNC Financial Services Group

Hedge funds have recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of The PNC Financial Services Group in the second quarter valued at about $27,000. Saudi Central Bank purchased a new position in The PNC Financial Services Group during the first quarter worth about $27,000. Concord Wealth Partners boosted its stake in The PNC Financial Services Group by 144.9% during the second quarter. Concord Wealth Partners now owns 169 shares of the financial services provider's stock worth $32,000 after buying an additional 100 shares during the period. Cornerstone Planning Group LLC boosted its stake in The PNC Financial Services Group by 50.8% during the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after buying an additional 65 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in The PNC Financial Services Group during the second quarter worth about $37,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.

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