CIT Group Inc (DEL) (CIT) Shares are Down -2.71%

CIT Group Inc (DEL) (CIT) : During the past 4 weeks, traders have been relatively bearish on CIT Group Inc (DEL) (CIT), hence the stock is down -0.81% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.23% relative to the S&P 500. The 4-week change in the price of the stock is -2.82% and the stock has fallen -2.71% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.33% and the 50-Day Moving Average is 0.42%.The 200 Day SMA reached 3.87% CIT Group Inc. is up 13.62% in the last 3-month period. Year-to-Date the stock performance stands at -11.04%.


CIT Group Inc (DEL) (CIT) : The highest short term price target forecast on CIT Group Inc (DEL) (CIT) is $65 and the lowest target price is $33. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $44 with a standard deviation of $10.23.

For the current week, the company shares have a recommendation consensus of Buy. CIT Group Inc (DEL) (NYSE:CIT): stock was range-bound between the intraday low of $34.38 and the intraday high of $35.13 after having opened at $35.04 on Fridays session. The stock finally closed in the red at $35.04, a loss of -1.56%. The stock remained in the red for the whole trading day. The total traded volume was 3,704,264 shares. The stock failed to cross $35.13 in Fridays trading. The stocks closing price on Thursday was $34.81.

CIT Group Inc. is a bank holding company (BHC), which provides financing, leasing and advisory services principally to middle market companies. The Company operates in two segments: Transportation and International Finance (TIF), provider of leasing and financing solutions to operators and suppliers in the global aviation and railcar industries, and North American Commercial Finance (NACF)., which consists of four divisions: Commercial Services, Corporate Finance, Equipment Finance and Real Estate Finance. Commercial Services provides factoring, receivable management products, and secured financing to businesses. Corporate Finance provides a range of financing options and offers advisory services to small and medium size companies. Equipment Finance provides leasing and equipment loan solutions to small businesses and middle market companies. Real Estate Finance provides senior secured commercial real estate loans to developers and other commercial real estate professionals.

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