The PNC Financial Services Group Inc. [NYSE: PNC] jumped around 4.05 points on Thursday, while shares priced at $189.18 at the close of the session, up 2.19%. The company report on June 23, 2021 that Harris Williams Advises JM Swank on its Pending Sale to Brenntag.
Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising JM Swank, a portfolio company of Platinum Equity, on its pending sale to Brenntag (XTRA:BNR). JM Swank is a leading U.S. food ingredient distributor with national reach. The transaction is being led by Tim Alexander, Brant Cash, Andy Warczak, Richard Furseth and Cam Cornwell of the Harris Williams Consumer Group.
“JM Swank is widely recognized as a critical supply chain partner to its diverse customer base,” said Tim Alexander, a managing director at Harris Williams. “JM Swank’s exclusive focus on food ingredients brings significant value to its customers, and the partnership with Brenntag will take that service to the next level.”.
The PNC Financial Services Group Inc. stock is now 26.97% up from its year-to-date (YTD) trading value. PNC Stock saw the intraday high of $189.67 and lowest of $185.035 per share. The company’s 52-week high price is 203.88, which means current price is +33.60% above from all time high which was touched on 05/10/21.
Compared to the average trading volume of 1.72M shares, PNC reached a trading volume of 1677392 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about The PNC Financial Services Group Inc. [PNC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PNC shares is $197.72 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PNC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for The PNC Financial Services Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 02, 2021. The new note on the price target was released on May 10, 2021, representing the official price target for The PNC Financial Services Group Inc. stock. Previously, the target price had yet another raise from $162 to $167, while Piper Sandler kept a Neutral rating on PNC stock. On January 11, 2021, analysts increased their price target for PNC shares from 140 to 179.
The Average True Range (ATR) for The PNC Financial Services Group Inc. is set at 4.20, with the Price to Sales ratio for PNC stock in the period of the last 12 months amounting to 7.76. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 215.37. Price to Free Cash Flow for PNC in the course of the last twelve months was 19.74.
How has PNC stock performed recently?
The PNC Financial Services Group Inc. [PNC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.69. With this latest performance, PNC shares dropped by -1.31% in over the last four-week period, additionally plugging by 31.62% over the last 6 months – not to mention a rise of 82.99% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PNC stock in for the last two-week period is set at 50.93, with the RSI for the last a single of trading hit 53.22, and the three-weeks RSI is set at 51.15 for The PNC Financial Services Group Inc. [PNC]. The present Moving Average for the last 50 days of trading for this stock 189.01, while it was recorded at 184.14 for the last single week of trading, and 155.18 for the last 200 days.
The PNC Financial Services Group Inc. [PNC]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and The PNC Financial Services Group Inc. [PNC] shares currently have an operating margin of +18.81. The PNC Financial Services Group Inc.’s Net Margin is presently recorded at +16.17.
Return on Total Capital for PNC is now 3.30, given the latest momentum, and Return on Invested Capital for the company is 3.67. Return on Equity for this stock inclined to 5.71, with Return on Assets sitting at 0.67. When it comes to the capital structure of this company, The PNC Financial Services Group Inc. [PNC] has a Total Debt to Total Equity ratio set at 78.34. Additionally, PNC Total Debt to Total Capital is recorded at 43.93, with Total Debt to Total Assets ending up at 9.01. Long-Term Debt to Equity for the company is recorded at 61.34, with the Long-Term Debt to Total Capital now at 32.15.
Reflecting on the efficiency of the workforce at the company, The PNC Financial Services Group Inc. [PNC] managed to generate an average of $57,534 per employee.
Earnings analysis for The PNC Financial Services Group Inc. [PNC]
With the latest financial reports released by the company, The PNC Financial Services Group Inc. posted 8.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1,547.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PNC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The PNC Financial Services Group Inc. go to -1.62%.
Insider trade positions for The PNC Financial Services Group Inc. [PNC]
There are presently around $66,633 million, or 84.10% of PNC stock, in the hands of institutional investors. The top three institutional holders of PNC stocks are: VANGUARD GROUP INC with ownership of 36,197,330, which is approximately 7.901% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 27,381,364 shares of the stock with an approximate value of $5.18 billion in PNC stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $3.91 billion in PNC stock with ownership of nearly -21.744% of the company’s market capitalization.
Positions in The PNC Financial Services Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 605 institutional holders increased their position in The PNC Financial Services Group Inc. [NYSE:PNC] by around 18,451,982 shares. Additionally, 584 investors decreased positions by around 19,457,296 shares, while 233 investors held positions by with 314,312,253 shares. The mentioned changes placed institutional holdings at 352,221,531 shares, according to the latest SEC report filing. PNC stock had 128 new institutional investments in for a total of 2,191,111 shares, while 65 institutional investors sold positions of 2,326,704 shares during the same period.