The PNC Financial Services Group (NYSE:PNC) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley has increased its price target for The PNC Financial Services Group from $186.00 to $206.00, suggesting a potential upside of 2.63% from the stock's previous close.
• Other analysts have also upgraded their ratings with Citigroup raising their target price to $230.00 and Keefe, Bruyette & Woods adjusting theirs to $212.00, reflecting a generally positive outlook on PNC's stock.
• The company's latest quarterly earnings report showed EPS of $3.85, exceeding forecasts and marking a 4.6% increase in revenue year-over-year, indicating strong financial performance.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price objective hoisted by research analysts at Morgan Stanley from $186.00 to $206.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the financial services provider's stock. Morgan Stanley's price target points to a potential upside of 2.63% from the company's previous close.

A number of other equities research analysts have also recently issued reports on PNC. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and upped their target price for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Stephens reissued an "equal weight" rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Citigroup lifted their price objective on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Finally, Piper Sandler increased their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $216.28.

The PNC Financial Services Group Price Performance

PNC traded down $2.60 during midday trading on Monday, reaching $200.72. 440,775 shares of the company's stock were exchanged, compared to its average volume of 2,207,424. The firm has a market capitalization of $79.05 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The business has a 50-day simple moving average of $198.37 and a two-hundred day simple moving average of $182.18. 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 one year low of $145.12 and a one year high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share 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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the business posted $3.39 earnings per share. The PNC Financial Services Group's revenue for the quarter was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that The PNC Financial Services Group will post 15.37 EPS for the current year.

Institutional Trading of The PNC Financial Services Group

Institutional investors have recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in shares of The PNC Financial Services Group in the 2nd quarter valued at about $27,000. Saudi Central Bank purchased a new position in shares of The PNC Financial Services Group in the 1st quarter valued at approximately $27,000. Concord Wealth Partners raised its position in shares of The PNC Financial Services Group by 144.9% in the 2nd quarter. Concord Wealth Partners now owns 169 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 65 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at approximately $37,000. 83.53% of the stock is currently 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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