Market Analysts see The PNC Financial Services Group Inc. [PNC] gaining to $176.27. Time to buy?

The PNC Financial Services Group Inc. [NYSE: PNC] traded at a low on 03/02/23, posting a -3.20 loss after which it closed the day’ session at $150.24. The company report on March 2, 2023 that Harris Williams Acts as Exclusive Financial Advisor to Thoma Bravo on its Investment in LOGEX.

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Harris Williams, a global investment bank specializing in M&A advisory services, announces it acted as exclusive financial advisor to Thoma Bravo, a leading software investment firm, on its investment in LOGEX, a portfolio company of Summa Equity. LOGEX is a leading healthcare analytics provider, which uses data to help healthcare providers and hospitals make better decisions and deliver optimum health outcomes for patients while reducing costs. LOGEX’s existing shareholders, the company’s founders, and Summa Equity will remain invested with the business and will work closely with Thoma Bravo and the executive committee to support LOGEX’s European growth and further drive innovation in healthcare analytics. The transaction was led by Julien Oussadon, Sylvain Noblet and Luke Clifford of the Harris Williams Technology Group.

“We are delighted to have advised Thoma Bravo on its inaugural investment by its Europe-based team,” said Julien Oussadon, a managing director at Harris Williams. “This transaction underscores our long-standing relationship with Thoma Bravo, and we look forward to watching the firm’s continued success as it embarks on its European expansion.”.

The results of the trading session contributed to over 3522347 shares changing hands. Over the past one week, the price volatility of The PNC Financial Services Group Inc. stands at 2.29% while the volatility over the past one month is 1.89%.

The market cap for PNC stock reached $59.90 billion, with 406.00 million shares outstanding and 396.99 million shares in the current float. Compared to the average trading volume of 2.35M shares, PNC reached a trading volume of 3522347 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 $174.26 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.

Odeon have made an estimate for The PNC Financial Services Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, UBS dropped their target price from $190 to $176. The new note on the price target was released on January 10, 2023, representing the official price target for The PNC Financial Services Group Inc. stock. Previously, the target price had yet another drop from $200 to $190, while Deutsche Bank kept a Buy rating on PNC stock. On January 05, 2023, analysts increased their price target for PNC shares from 157 to 160.

The Average True Range (ATR) for The PNC Financial Services Group Inc. is set at 3.45, with the Price to Sales ratio for PNC stock in the period of the last 12 months amounting to 3.88. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 86.19. Price to Free Cash Flow for PNC in the course of the last twelve months was 8.95.

How has PNC stock performed recently?

The PNC Financial Services Group Inc. [PNC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.97. With this latest performance, PNC shares dropped by -9.18% in over the last four-week period, additionally sinking by -5.69% over the last 6 months – not to mention a drop of -19.74% 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 32.24, with the RSI for the last a single of trading hit 23.84, and the three-weeks RSI is set at 37.88 for The PNC Financial Services Group Inc. [PNC]. The present Moving Average for the last 50 days of trading for this stock 159.32, while it was recorded at 155.91 for the last single week of trading, and 160.28 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 +32.55. The PNC Financial Services Group Inc.’s Net Margin is presently recorded at +26.20.

Return on Equity for this stock inclined to 11.85, with Return on Assets sitting at 1.07.

Earnings analysis for The PNC Financial Services Group Inc. [PNC]

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 10.96%.

Insider trade positions for The PNC Financial Services Group Inc. [PNC]

There are presently around $49,902 million, or 84.90% of PNC stock, in the hands of institutional investors. The top three institutional holders of PNC stocks are: VANGUARD GROUP INC with ownership of 37,402,648, which is approximately -0.274% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 29,623,035 shares of the stock with an approximate value of $4.45 billion in PNC stocks shares; and STATE STREET CORP, currently with $2.73 billion in PNC stock with ownership of nearly -1.414% of the company’s market capitalization.

Positions in The PNC Financial Services Group Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 698 institutional holders increased their position in The PNC Financial Services Group Inc. [NYSE:PNC] by around 14,404,491 shares. Additionally, 627 investors decreased positions by around 19,931,204 shares, while 250 investors held positions by with 297,813,575 shares. The mentioned changes placed institutional holdings at 332,149,270 shares, according to the latest SEC report filing. PNC stock had 151 new institutional investments in for a total of 2,859,947 shares, while 90 institutional investors sold positions of 622,110 shares during the same period.


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