A statement released earlier today by Zacks Investment Research about CIT Group Inc. (NYSE:CIT) bumps the target price to $40.00
- Updated: October 2, 2016
Stating a potential upside of 0.12%, Zacks Investment Research upped the price target of CIT Group Inc. (NYSE:CIT) to $40.00
On 7/29/2016, Barclays Capital released a statement on CIT Group Inc. (NYSE:CIT) dropped the target price from $37.00 to $35.00 that suggested an upside of 0.01%.
Having a price of $35.67, CIT Group Inc. (NYSE:CIT) traded 1.54% higher on the day. With the last close up 7.80% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. CIT Group Inc. has recorded a 50-day average of $35.77 and a two hundred day average of $33.67. Volume of trade was up over the average, with 1,815,036 shares of CIT changing hands over the typical 1,487,920
With a total market value of $0, CIT Group Inc. has price-earnings ratio of 7.25 with a one year low of $25.19 and a one year high of $46.51 .
A total of 18 analysts have released a research note 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 analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $41.83.
More About 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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