Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $92.46 on PNC Financial Services Group, Inc. (The) (NYSE:PNC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $7.09 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of PNC Financial Services Group, Inc. (The) (NYSE:PNC) stands at 11.73.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For PNC Financial Services Group, I, the PEG ratio for coming 3-5 years is 2.33.
The technical analysis highlights that PNC Financial Services Group, I current is trading $2.65 points away or +3.22% from its 50-day moving average of $82.35. Further it is trading $0.26 or +0.30% away its 200-day moving average of $84.74.
The 52-week high of PNC Financial Services Group, Inc. (The) (NYSE:PNC) was $99.28 while lowest point recorded in 52-week was $77.40. It implies if stock price makes a movement of over $-14.28, it will record a new 52-week high. In the case of +9.82% drop, it will touch a new 52-week low.
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