The PNC Financial Services Group (PNC) Stock Forecast & Price Target

$188.80

-1.13 (-0.59%)

(As of 10/17/2024 ET)

The PNC Financial Services Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 17 Analyst Ratings

Sell
2

Hold
6

Buy
9

Based on 17 Wall Street analysts who have issued ratings for The PNC Financial Services Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 2 have given a sell rating, 6 have given a hold rating, and 9 have given a buy rating for PNC.

Consensus Price Target

$185.71
-1.64% Downside

According to the 17 analysts' twelve-month price targets for The PNC Financial Services Group, the average price target is $185.71. The highest price target for PNC is $229.00, while the lowest price target for PNC is $143.00. The average price target represents a forecasted downside of -1.64% from the current price of $188.80.

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PNC Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$185.71	$176.90	$172.96	$152.89
Forecasted Upside	-1.64% Downside	-2.53% Downside	-1.45% Downside	32.15% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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PNC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PNC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

The PNC Financial Services Group Stock vs. The Competition

Type	The PNC Financial Services Group	Finance Companies	S&P 500
Consensus Rating Score	2.41	2.47	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-3.12% Downside	11.94% Upside	6.30% Upside
News Sentiment Rating	Positive News See Recent PNC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/16/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$209.00 ➝ $229.00	+20.59%
10/16/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$204.00 ➝ $215.00	+12.94%
10/16/2024	Stephens 4 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$185.00 ➝ $200.00	+5.22%
10/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$212.00 ➝ $225.00	+18.04%
10/16/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$180.00 ➝ $182.00	-5.21%
10/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$177.00 ➝ $180.00	-6.48%
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9/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$189.00 ➝ $180.00	+2.62%
8/22/2024	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Rochester Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$185.00 ➝ $200.00	+18.79%
7/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$175.00 ➝ $200.00	+11.29%
7/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Najarian Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$179.00 ➝ $198.00	+9.98%
7/17/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$155.00 ➝ $184.00	+2.75%
7/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$162.00 ➝ $164.00	+3.33%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$163.50 ➝ $163.00	+5.44%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$141.00 ➝ $155.00	-3.11%
12/14/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$153.38	+4.83%
12/8/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$125.00 ➝ $143.00	+1.61%
7/19/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$145.00 ➝ $135.00	+3.53%
6/26/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
1/19/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$210.00 ➝ $205.00	+34.81%
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$200.00 ➝ $190.00	+19.22%
12/1/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$164.00 ➝ $170.00	+1.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:49 PM ET.

Should I Buy The PNC Financial Services Group Stock? PNC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 11, 2024. Please send any questions or comments about these The PNC Financial Services Group pros and cons to contact@marketbeat.com.

The PNC Financial Services Group
Bull Case

Here are some ways that investors could benefit from investing in The PNC Financial Services Group, Inc.:

The PNC Financial Services Group, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong business performance.
With a dividend yield of 3.51%, The PNC Financial Services Group, Inc. offers investors a steady income stream through dividends.
Analysts have given The PNC Financial Services Group, Inc. an average rating of "Hold" with a price target of $177.65, suggesting potential for stock price appreciation.
The company's current ratio of 0.83 and quick ratio of 0.82, though lower than ideal, indicate a manageable liquidity position.
Trading at a PE ratio of 15.40, The PNC Financial Services Group, Inc. may be considered undervalued compared to industry peers, presenting a potential value investment opportunity.

The PNC Financial Services Group
Bear Case

Investors should be bearish about investing in The PNC Financial Services Group, Inc. for these reasons:

The company's debt-to-equity ratio of 1.36 is relatively high, indicating a higher level of financial leverage which may pose risks during economic downturns.
While the stock has shown positive performance, the 50-day moving average price of $178.13 is close to the current stock price, suggesting limited short-term upside potential.
Two research analysts have rated the stock as a sell, signaling some concerns about the company's future performance.
The return on equity of 11.33% for The PNC Financial Services Group, Inc. is lower than the industry average, indicating potential inefficiencies in capital utilization.
Given the company's dividend payout ratio of 53.74%, there may be limited room for dividend growth or reinvestment in the business for future expansion.

PNC Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for The PNC Financial Services Group is $185.71, with a high forecast of $229.00 and a low forecast of $143.00.
: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last year. There are currently 2 sell ratings, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNC, but not buy additional shares or sell existing shares.
: According to analysts, The PNC Financial Services Group's stock has a predicted downside of -1.64% based on their 12-month stock forecasts.
: Over the previous 90 days, The PNC Financial Services Group's stock had 1 upgrade and 1 downgrade by analysts.
: The PNC Financial Services Group has been rated by research analysts at Bank of America, Barclays, Compass Point, Evercore ISI, Keefe, Bruyette & Woods, Morgan Stanley, Stephens, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like The PNC Financial Services Group less than other "finance" companies. The consensus rating score for The PNC Financial Services Group is 2.41 while the average consensus rating score for "finance" companies is 2.47. Learn more on how PNC compares to other companies.