PNC Financial Services logged a -0.3% change during today's morning session, and is now trading at a price of $124.53 per share.
PNC Financial Services returned losses of -22.0% last year, with its stock price reaching a high of $170.28 and a low of $110.31. Over the same period, the stock underperformed the S&P 500 index by -36.0%. As of April 2023, the company's 50-day average price was $126.45. The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. Based in Pittsburgh, PA, the large-cap Finance company has 58,231 full time employees. PNC Financial Services has not offered a dividend during the last year.
EPS Trend Sustained Primarily by Reducing the Number of Shares Outstanding:
| 2018-02-28 | 2019-03-01 | 2020-03-02 | 2021-02-26 | 2022-02-25 | 2023-02-22 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $16,329 | $16,190 | $16,839 | $16,901 | $19,211 | $21,120 |
| Operating Margins | 34% | 34% | 33% | 20% | 36% | 35% |
| Net Margins | 33% | 33% | 32% | 44% | 30% | 28% |
| Net Income (MM) | $5,338 | $5,301 | $5,369 | $7,517 | $5,674 | $6,041 |
| Earnings Per Share | $10.44 | $10.77 | $11.45 | $17.06 | $12.82 | $13.43 |
| EPS Growth | n/a | 3.16% | 6.31% | 49.0% | -24.85% | 4.76% |
| Diluted Shares (MM) | 486 | 470 | 448 | 427 | 424 | 427 |
| Long Term Debt (MM) | $54,299 | $52,414 | $51,485 | $34,174 | $27,657 | $55,039 |
The Market May Be Undervaluing PNC Financial Services's Assets and Equity:
PNC Financial Services has a trailing twelve month P/E ratio of 8.7, compared to an average of 14.34 for the Finance sector. Based on its EPS guidance of $12.25, the company has a forward P/E ratio of 10.3. The company doesn't issue forward earnings guidance, and the compound average growth rate of its last 6 years of reported EPS is 5.7%. On this basis, the company's PEG ratio is 1.52, which suggests that it is overpriced. In contrast, the market is likely undervaluing PNC Financial Services in terms of its equity because its P/B ratio is 1.18 while the sector average is 1.57. The company's shares are currently trading -30.8% below their Graham number.
There's an Analyst Consensus of Some Upside Potential for PNC Financial Services:
The 20 analysts following PNC Financial Services have set target prices ranging from $110.0 to $176.0 per share, for an average of $139.85 with a buy rating. As of April 2023, the company is trading -9.6% away from its average target price, indicating that there is an analyst consensus of some upside potential.
PNC Financial Services has a very low short interest because 1.5% of the company's shares are sold short. Institutions own 81.9% of the company's shares, and the insider ownership rate stands at 0.39%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 9% stake in the company is worth $4,611,055,903.
