The PNC Financial Services Group (NYSE:PNC) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• The PNC Financial Services Group has received a reaffirmed Buy (B-) rating from Weiss Ratings, indicating a positive outlook from investment analysts.
• Recent price target adjustments from analysts include increases from Truist Financial and Evercore ISI, with the consensus price target now set at $217.74.
• PNC's quarterly earnings exceeded expectations, reporting $3.85 EPS against a consensus estimate of $3.56, showing year-over-year revenue growth of 4.6%.

The PNC Financial Services Group (NYSE:PNC - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

PNC has been the subject of several other reports. Truist Financial lifted their price target on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the company a "hold" rating in a research note on Wednesday, September 24th. Stephens restated an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Oppenheimer decreased their target price on The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Evercore ISI increased their price target on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Finally, Wells Fargo & Company raised their price objective on The PNC Financial Services Group from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, The PNC Financial Services Group has a consensus rating of "Moderate Buy" and a consensus price target of $217.74.

The PNC Financial Services Group Trading Down 1.9%

Shares of PNC stock opened at $190.21 on Wednesday. The PNC Financial Services Group has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50 day simple moving average of $198.67 and a two-hundred day simple moving average of $183.37. The company has a market cap of $74.91 billion, a P/E ratio of 13.01, a PEG ratio of 1.43 and a beta of 1.10.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that The PNC Financial Services Group will post 15.37 earnings per share for the current year.

Hedge Funds Weigh In On The PNC Financial Services Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rise Advisors LLC raised its stake in shares of The PNC Financial Services Group by 18.8% in the third quarter. Rise Advisors LLC now owns 601 shares of the financial services provider's stock valued at $121,000 after buying an additional 95 shares during the period. Wedmont Private Capital grew its stake in shares of The PNC Financial Services Group by 3.4% during the 3rd quarter. Wedmont Private Capital now owns 5,316 shares of the financial services provider's stock worth $1,030,000 after acquiring an additional 173 shares during the period. Czech National Bank increased its holdings in The PNC Financial Services Group by 3.4% in the 3rd quarter. Czech National Bank now owns 100,019 shares of the financial services provider's stock worth $20,097,000 after acquiring an additional 3,329 shares during the last quarter. Ignite Planners LLC raised its stake in The PNC Financial Services Group by 5.3% in the 3rd quarter. Ignite Planners LLC now owns 1,730 shares of the financial services provider's stock valued at $348,000 after acquiring an additional 87 shares during the period. Finally, Ransom Advisory Ltd lifted its holdings in The PNC Financial Services Group by 1.5% during the third quarter. Ransom Advisory Ltd now owns 11,067 shares of the financial services provider's stock valued at $2,224,000 after purchasing an additional 160 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Company Profile

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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