Shares of PNC Financial Services Group (Symbol: PNC) recently traded at $205.75, surpassing the average analyst target price of $205.50. This rise prompts analysts to either reconsider their rating or adjust their target price higher. As the company shows promising developments, it raises the question: is it time for a new target price or has the stock become overvalued?
Currently, there are 19 analyst targets included in Zacks’ coverage for PNC Financial Services Group. These targets reveal a range of opinions, with the lowest standing at $175.00 and the highest hitting $235.00. The standard deviation among these targets is $18.106, indicating varying levels of confidence in the stock’s future performance.
The reason for considering the average PNC price target is to gather insights from a range of analysts, providing a broader perspective rather than relying solely on one expert’s opinion. As PNC’s stock price climbs past the average price target, investors are encouraged to reassess the company’s performance. They must decide if $205.50 is just a stepping stone toward even higher goals or if it’s time to scale back their investments. Below is an overview of current analyst ratings for PNC Financial Services Group:
| Recent PNC Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 11 | 11 | 11 | 11 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 7 | 7 | 8 | 8 |
| Sell ratings: | 2 | 2 | 2 | 2 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.99 | 1.99 | 2.03 | 2.03 |
The average rating, detailed in the table above, ranges from 1 to 5, where 1 indicates a Strong Buy and 5 a Strong Sell. Data for this analysis comes from Zacks Investment Research via Quandl.com, providing a comprehensive view of PNC’s financial landscape.
Explore the Top 25 Broker Analyst Picks of the S&P 500 ›
Additional Information:
• VPV shares outstanding history
• Top Ten Hedge Funds Holding MYSZ
• VNT Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
