Favorable Press Coverage Somewhat Unlikely to Impact PNC Financial Services Group (PNC) Stock Price

News articles about PNC Financial Services Group (NYSE:PNC) have been trending positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PNC Financial Services Group earned a daily sentiment score of 0.43 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.6018148039314 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of equities analysts have commented on PNC shares. ValuEngine cut PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Tuesday, December 26th. Royal Bank of Canada lifted their price target on PNC Financial Services Group to $170.00 and gave the stock an “average” rating in a research note on Friday, January 12th. Barclays lifted their price target on PNC Financial Services Group from $139.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Goldman Sachs cut PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Nineteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $149.26.

Shares of NYSE PNC traded down $0.14 during mid-day trading on Friday, hitting $144.12. 2,080,417 shares of the stock traded hands, compared to its average volume of 2,408,822. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. PNC Financial Services Group has a 52 week low of $115.66 and a 52 week high of $163.59. The firm has a market capitalization of $67,965.55, a PE ratio of 16.96, a P/E/G ratio of 1.36 and a beta of 0.91.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.42 by $0.01. PNC Financial Services Group had a return on equity of 9.83% and a net margin of 29.85%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. research analysts anticipate that PNC Financial Services Group will post 10.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, May 5th. Investors of record on Monday, April 16th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, April 13th. This represents a $3.00 annualized dividend and a dividend yield of 2.08%. PNC Financial Services Group’s dividend payout ratio is presently 35.29%.

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About PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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