CIT Group Inc. (NYSE:CIT) Analyst Ratings as of Jun 29, 2018

June 29, 2018 - By Jeanette Garcia

CIT Group Inc. (NYSE:CIT) Corporate Logo
During Q1 2018 the big money sentiment decreased to 0.84. That’s change of 0.06, from 2017Q4’s 0.9. 36 investors sold all, 93 reduced holdings as CIT Group Inc. ratio worsened. 70 increased positions while 39 funds amassed positions. Funds hold 123.13 million shares thus 4.80% less from 2017Q4’s 129.34 million shares.
Pnc Fincl stated it has 0% of its capital in CIT Group Inc. (NYSE:CIT). Pennsylvania-based Glenmede Tru Na has invested 0% in CIT Group Inc. (NYSE:CIT). 608,727 are held by Royal Natl Bank Of Canada. Nomura Inc reported 107,441 shs. Sumitomo Mitsui Trust has invested 0.03% in CIT Group Inc. (NYSE:CIT). Eaton Vance Management has 0.01% invested in CIT Group Inc. (NYSE:CIT). Franklin Res holds 9.73M shs or 0.25% of its capital. Suntrust Banks reported 20,481 shs or 0.01% of all its holdings. Ubs Asset Management Americas stated it has 0% in CIT Group Inc. (NYSE:CIT). Bluecrest Capital Ltd has 74,091 shs for 0.12% of their capital. Wolverine Asset Mgmt Llc holds 0% in CIT Group Inc. (NYSE:CIT) or 510 shs. British Columbia Inv Management Corporation accumulated 70,410 shs. Paragon Capital Mgmt Limited has 5,364 shs for 0.12% of their capital. Moreover, Mutual Of America Management Ltd Limited Liability Company has 0% invested in CIT Group Inc. (NYSE:CIT). Paradigm Asset Limited Liability Corporation invested in 0% or 7,610 shs.

CIT Group Inc. had 3 sales and 0 buys since March 1, 2018. This’s net activity of $372,639. $174,585 worth of CIT Group Inc. (NYSE:CIT) shs were sold by Stamps Sheila A. $107,268 worth of CIT Group Inc. (NYSE:CIT) was sold by HUDAK JAMES L.

CIT Group Inc. (NYSE:CIT) Ratings Coverage

In total 10 analysts cover CIT Group (NYSE:CIT). “Buy” rating has 3, “Sell” are 0, while 7 are “Hold”. (NYSE:CIT) has 30% bullish analysts. 14 are the (NYSE:CIT)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. In Tuesday, January 30 report BMO Capital Markets maintained it with “Sell” rating and $48.0 target. On Monday, February 26 the company was maintained by Keefe Bruyette & Woods. On Monday, June 18 the stock has “Hold” rating by Credit Suisse. On Tuesday, January 2 Stephens maintained CIT Group Inc. (NYSE:CIT) with “Buy” rating. On Wednesday, January 31 the firm has “Market Perform” rating by Wells Fargo given. On Monday, February 5 the firm earned “Equal-Weight” rating by Morgan Stanley. The stock rating was maintained by BTIG Research with “Buy” on Tuesday, April 24. On Tuesday, April 24 BMO Capital Markets maintained CIT Group Inc. (NYSE:CIT) with “Hold” rating. On Sunday, February 4 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Tuesday, March 27 the stock of CIT Group Inc. (NYSE:CIT) earned “Hold” rating by UBS. Listed here are CIT Group Inc. (NYSE:CIT) PTs and latest ratings.

18/06/2018 Broker: Credit Suisse Rating: Hold New Target: $54.0000 Maintain
24/04/2018 Broker: BTIG Research Rating: Buy New Target: $57.0000 Maintain
24/04/2018 Broker: BMO Capital Markets Rating: Hold New Target: $46.0000 Maintain
27/03/2018 Broker: UBS Rating: Hold New Target: $56.0000 Initiate
26/03/2018 Broker: Oppenheimer Rating: Buy New Target: $59.0000 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $56.0 Maintain
05/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $50 New Target: $54 Maintain
05/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $54 New Target: $57 Maintain
04/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $54.0 Maintain
05/02/2018 Broker: BMO Capital Markets Old Rating: Underperform New Rating: Market Perform Old Target: $35 Upgrade

CIT is reaching $51.27 during the last trading session, after increased 3.28%.Currently CIT Group Inc. is uptrending after 10.15% change in last June 29, 2017. CIT has 596,798 shares volume. The stock underperformed the S&P500 by 2.42%.

CIT Group Inc. operates as the bank holding firm for CIT Bank, National Association that provides banking and related services to commercial and individual customers.The firm is valued at $5.94 billion. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios , and Corporate and Other divisions.The P/E ratio is 19.9. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring and secured financing services, as well as receivables management products to the retail supply chain; and equipment leasing and secured financing to the rail industry.

For more CIT Group Inc. (NYSE:CIT) news released recently go to: Globenewswire.com, Pehub.com, Themiddlemarket.com, 247Wallst.com or Prnewswire.com. The titles are as follows: “Recent Analysis Shows CIT Group, Zoetis, Deere, Hecla Mining, iRobot, and First BanCorp Market Influences …” released on June 26, 2018, “CIT provides $26.6 mln to joint venture to buy medical buildings” on June 20, 2018, “M&A daily wrap: Conagra, Pinnacle Foods, Birds Eye, CIT, Staples, Disney, Star Wars” with a publish date: June 27, 2018, “Top Analyst Upgrades and Downgrades: Accenture, Ally, Diageo, Harley-Davidson, KB Home, NetApp, Nike, Sirius XM …” and the last “OneWest Bank Sponsors 40th Annual Manhattan Beach Concerts in the Park Series” with publication date: June 28, 2018.

CIT Group Inc. (NYSE:CIT) Institutional Investors Chart

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