In a report released today, Scott Siefers from Piper Sandler maintained a Hold rating on PNC Financial (PNC – Research Report), with a price target of $155.00. The company’s shares closed yesterday at $150.44.
According to TipRanks, Siefers is a 4-star analyst with an average return of 9.0% and a 57.46% success rate. Siefers covers the Financial sector, focusing on stocks such as Citigroup, Comerica, and Huntington Bancshares.
In addition to Piper Sandler, PNC Financial also received a Hold from Compass Point’s Dave Rochester in a report issued on February 27. However, on February 22, Barclays assigned a Buy rating to PNC Financial (NYSE: PNC).
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The company has a one-year high of $157.31 and a one-year low of $106.47. Currently, PNC Financial has an average volume of 2.34M.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNC in relation to earlier this year.
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PNC Financial (PNC) Company Description:
PNC Financial Services Group, Inc. is a diversified financial services company. Its Retail Banking division provides deposit, lending, investment management, cash management and brokerage services to consumer and small business customers. Under the Corporate and Institutional Banking division, it offers lending, treasury management, and capital markets-related products and services to government entities, large and mid-sized corporations, and non-profit organizations.The Asset Management Group segment provides personal wealth management for high net worth and ultra-high net worth clients and institutional asset management.
Read More on PNC:
- PNC Financial call volume above normal and directionally bullish
- Early notable gainers among liquid option names on March 4th
- PNC Financial price target lowered to $160 from $164 at Compass Point
- PNC Financial doesn’t see meaningful losses in multifamily book, says CFO
- PNC Financial reserved aggressively for CRE in 2023, says CFO
