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BidaskClub upgraded CIT Group Inc. (NYSE:CIT) to Strong-Buy in a report released today.

Yesterday CIT Group Inc. (NYSE:CIT) traded 0.64% higher at $48.49. The company’s 50-day moving average is $45.80 and its 200-day moving average is $45.66. The last closing price is up 0.36% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 4,782,828 shares of the stock were exchanged, up from an average trading volume of 1,551,140

BidaskClub has upgraded CIT Group Inc. (NYSE:CIT) to Strong-Buy in a report released on 6/20/2017.

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CIT Group Inc. (NYSE:CIT)

CIT Group Inc. has a 52 week low of $34.67 and a 52 week high of $50.40 The company’s market cap is currently $0.

In addition to BidaskClub reporting its target price, a total of 18 brokers have issued a report on the stock. The consensus target price is $41.83 with 5 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 10 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About CIT Group Inc. (NYSE:CIT)

CIT Group Inc. (CIT) is a bank holding company (BHC) and a financial holding company (FHC). The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America. The Company's segments include Commercial Banking, Consumer Banking, Non-Strategic Portfolios, and Corporate and Other. The Commercial Banking segment consists of four divisions: Commercial Finance, Rail, Real Estate Finance, and Business Capital. The Consumer Banking segment includes Retail Banking, Mortgage Lending, and SBA Lending (together referred to as Other Consumer Banking), and Legacy Consumer Mortgages (LCM). The Company's products and services include account receivables collection, acquisition and expansion financing, asset management and servicing, asset-based loans, debt underwriting and syndication, deposits, enterprise value and cash flow loans, equipment leases, factoring services and financial risk management.

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