The PNC Financial Services Group (NYSE:PNC) Price Target Raised to $230.00 at Evercore ISI

Key Points

• Evercore ISI raised its price target on PNC Financial Services Group from $220.00 to $230.00, indicating a potential upside of 15.67% from the stock's previous close.
• The company's stock has received a mix of ratings, with one "Strong Buy," eleven "Buy," seven "Hold," and one "Sell," reflecting a general consensus rating of "Moderate Buy."
• PNC reported earnings of $3.85 per share, beating analysts' expectations, and showing a 4.6% year-over-year revenue growth during the last quarter.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price target lifted by equities research analysts at Evercore ISI from $220.00 to $230.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. Evercore ISI's price objective would suggest a potential upside of 15.67% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Raymond James Financial boosted their price target on The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, September 19th. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and raised their price target for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Oppenheimer lowered their price objective on The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. Piper Sandler boosted their price objective 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. Finally, Citigroup lifted their target price on The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $216.56.

The PNC Financial Services Group Price Performance

NYSE:PNC traded down $3.02 during mid-day trading on Tuesday, hitting $198.83. 576,950 shares of the stock traded hands, compared to its average volume of 2,204,921. The PNC Financial Services Group has a 12-month low of $145.12 and a 12-month high of $216.26. The company has a market cap of $78.30 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.50 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 business's 50-day moving average price is $198.48 and its 200 day moving average price is $182.38.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. During the same quarter in the prior year, the company earned $3.39 EPS. The firm's revenue 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. On average, analysts expect that The PNC Financial Services Group will post 15.37 EPS for the current fiscal year.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Saudi Central Bank bought a new stake in The PNC Financial Services Group during the first quarter valued at about $27,000. IMG Wealth Management Inc. purchased a new position in shares of The PNC Financial Services Group in the 2nd quarter worth approximately $27,000. Concord Wealth Partners lifted its position 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 valued at $32,000 after acquiring an additional 100 shares during the last quarter. Cornerstone Planning Group LLC lifted its position 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 valued at $34,000 after acquiring an additional 65 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in The PNC Financial Services Group in the first quarter valued at approximately $35,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.