A statement released earlier today by Stifel Nicolaus about CIT Group Inc. (NYSE:CIT) ups the target price to $41.00
- Updated: October 7, 2016
Reporting a potential upside of 0.13%, Stifel Nicolaus upped the price target of CIT Group Inc. (NYSE:CIT) to $41.00
On 9/28/2016, Zacks Investment Research released a statement about CIT Group Inc. (NYSE:CIT) upped the target price from $0.00 to $40.00 that suggested an upside of 0.12%.
Having a price of $36.40, CIT Group Inc. (NYSE:CIT) traded 1.46% higher on the day. With the last stock price up 9.42% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CIT has recorded a 50-day average of $35.93 and a two hundred day average of $33.75. Trade Volume was up over the average, with 8,381,302 shares of CIT changing hands over the typical 1,576,180
Recent Performance Chart
CIT Group Inc. has PE ratio of 7.37 with a one year low of $25.19 and a one year high of $46.51 and has a market capitalization of $0.
A total of 18 brokerages have issued a ratings update on CIT Group Inc.. Five analysts rating the company a strong buy, five analysts rating the company a buy, ten analysts rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $41.83.
Brief Synopsis On CIT Group Inc. (NYSE:CIT)
CIT Group Inc. (CIT) is a bank holding company. The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America, and equipment financing and leasing solutions to the transportation industry around the world. The Company's segments include North America Banking (NAB), including Commercial Real Estate, Commercial Banking and Consumer Banking divisions; Transportation & International Finance (TIF), including Aerospace, Rail, Maritime Finance and International Finance divisions, and Legacy Consumer Mortgages (LCM), which includes single-family residential mortgage (SFR) loans and reverse mortgage loans. CIT products and services include account receivables collection; equipment leases; acquisition and expansion financing; factoring services; financial risk management; asset management and servicing; asset-based loans; insurance services; credit protection; debt restructuring, and deposits.
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