01-07-2025
PNC Financial (PNC) Receives a Rating Update from a Top Analyst
In a report released yesterday, Gerard Cassidy from RBC Capital maintained a Buy rating on PNC Financial (PNC – Research Report), with a price target of $195.00. The company's shares closed yesterday at $186.42.
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Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase, M&T Bank, and Bank of America. According to TipRanks, Cassidy has an average return of 19.7% and a 68.00% success rate on recommended stocks.
Currently, the analyst consensus on PNC Financial is a Moderate Buy with an average price target of $196.07, a 5.18% upside from current levels. In a report released on June 26, Barclays also maintained a Buy rating on the stock with a $235.00 price target.
Based on PNC Financial's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.1 billion and a net profit of $1.48 billion. In comparison, last year the company earned a revenue of $8.38 billion and had a net profit of $1.33 billion
Based on the recent corporate insider activity of 100 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. Last month, William Parsley, the EVP of PNC sold 7,665.00 shares for a total of $1,349,040.00.
