The PNC Financial Services Group (NYSE:PNC) Price Target Raised to $210.00 at Truist Financial

Key Points

• Truist Financial has raised its price target for PNC Financial Services Group from $201.00 to $210.00, suggesting a potential upside of 3.25% from the current stock price.
• PNC's stock has received several price target increases from analysts, with the average target now at $215.17 and a consensus rating of "Moderate Buy."
• In its most recent earnings report, PNC reported $3.85 earnings per share, beating estimates and reflecting a year-over-year revenue increase of 4.6%.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its target price boosted by investment analysts at Truist Financial from $201.00 to $210.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the financial services provider's stock. Truist Financial's price objective would suggest a potential upside of 3.25% from the stock's current price.

A number of other equities analysts have also recently commented on PNC. The Goldman Sachs Group raised their target price on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Bank of America lifted their target price on The PNC Financial Services Group from $223.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Piper Sandler lifted their target price on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and lifted their target price for the company from $185.00 to $212.00 in a research report on Wednesday, July 9th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $215.17.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock traded down $0.54 on Wednesday, reaching $203.38. 418,683 shares of the stock were exchanged, compared to its average volume of 2,222,578. 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 twelve month low of $145.12 and a twelve month high of $216.26. The firm has a market capitalization of $80.09 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.50 and a beta of 1.11. The business has a 50 day moving average price of $197.90 and a two-hundred day moving average price of $181.43.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The PNC Financial Services Group's revenue for the quarter was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate 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

Several large investors have recently modified their holdings of PNC. Caldwell Trust Co acquired a new stake in shares of The PNC Financial Services Group in the second quarter worth $505,000. SevenBridge Financial Group LLC boosted its holdings in The PNC Financial Services Group by 8.9% during the second quarter. SevenBridge Financial Group LLC now owns 28,827 shares of the financial services provider's stock valued at $5,513,000 after purchasing an additional 2,349 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of The PNC Financial Services Group by 34.5% in the 2nd quarter. Osaic Holdings Inc. now owns 151,930 shares of the financial services provider's stock worth $28,279,000 after acquiring an additional 39,002 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in The PNC Financial Services Group by 56.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 41,035 shares of the financial services provider's stock worth $7,648,000 after buying an additional 14,791 shares in the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new position in The PNC Financial Services Group during the 2nd quarter worth $251,000. 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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