CIT Group (CIT) Earns Media Sentiment Score of 0.20

Media stories about CIT Group (NYSE:CIT) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CIT Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.6775294590205 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 price target on shares of CIT Group in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of CIT Group from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Monday, September 25th. Barclays set a $53.00 price target on shares of CIT Group and gave the stock a “hold” rating in a research note on Friday, January 12th. Citigroup assumed coverage on shares of CIT Group in a research note on Monday, October 16th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Stephens set a $60.00 price target on shares of CIT Group and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. CIT Group currently has an average rating of “Hold” and an average price target of $52.82.

CIT Group (NYSE:CIT) opened at $52.10 on Friday. CIT Group has a one year low of $39.48 and a one year high of $53.76. The firm has a market cap of $6,840.00, a P/E ratio of 372.14 and a beta of 1.49. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.20.

CIT Group (NYSE:CIT) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.20. CIT Group had a negative net margin of 20.05% and a positive return on equity of 6.22%. The business had revenue of $592.90 million during the quarter, compared to the consensus estimate of $488.00 million. During the same quarter last year, the firm earned $0.65 earnings per share. equities research analysts expect that CIT Group will post 2.92 EPS for the current fiscal year.

In other CIT Group news, EVP Denise M. Menelly sold 8,951 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $46.84, for a total transaction of $419,264.84. Following the completion of the transaction, the executive vice president now owns 41,546 shares of the company’s stock, valued at $1,946,014.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

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CIT Group Company Profile

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.

Insider Buying and Selling by Quarter for CIT Group (NYSE:CIT)

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