The PNC Financial Services Group (NYSE:PNC) Price Target Raised to $206.00

The PNC Financial Services Group (NYSE:PNC) had its target price upped by Morgan Stanley from $186.00 to $206.00 in a report released on Monday morning,Benzinga reports. The firm currently has an underweight rating on the financial services provider’s stock.

A number of other equities analysts have also commented on PNC. Truist Financial boosted their price objective on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a research note on Wednesday, September 24th. Stephens restated an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. The Goldman Sachs Group raised their price objective on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Citigroup upped 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. Finally, Oppenheimer cut their price target on The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.56.

The PNC Financial Services Group Price Performance

NYSE:PNC opened at $198.64 on Monday. 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 firm has a market cap of $78.23 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. The PNC Financial Services Group has a 12 month low of $145.12 and a 12 month high of $216.26. The company’s 50-day moving average price is $198.58 and its two-hundred day moving average price is $182.62.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share 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 analyst estimates 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 revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $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 anticipate that The PNC Financial Services Group will post 15.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Saudi Central Bank acquired a new stake in shares of The PNC Financial Services Group during the first quarter worth about $27,000. IMG Wealth Management Inc. bought a new stake in The PNC Financial Services Group during the 2nd quarter worth approximately $27,000. Concord Wealth Partners raised its holdings in The PNC Financial Services Group by 144.9% during the 2nd 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 lifted its stake in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after buying an additional 65 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group in the first quarter valued at approximately $35,000. 83.53% of the stock is owned by institutional investors and hedge funds.

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.