CIT Group Inc (DEL) (NYSE:CIT) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2 by 11 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Nomura maintains its ratings on CIT Group Inc (DEL) (NYSE:CIT). In the latest research report, Nomura raises the target price from $29 per share to $33 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 3, 2016.
CIT Group Inc (DEL) (NYSE:CIT): 11 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $43.46 in CIT Group Inc (DEL) (NYSE:CIT). However, the stock price could fluctuate by $ 9.73 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $65 price target with the lower price estimate is calculated at $33
CIT Group Inc (DEL) (NYSE:CIT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.48% or 0.15 points. After the session commenced at $31.65, the stock reached the higher end at $31.7 while it hit a low of $30.68. With the volume soaring to 1,081,096 shares, the last trade was called at $31.31. The company has a 52-week high of $49.27. The company has a market cap of $6,315 million and there are 201,705,270 shares in outstanding. The 52-week low of the share price is $25.185.
Shares of CIT Group Inc. appreciated by 1.16% during the last five trading days but lost 3.63% on a 4-week basis. CIT Group Inc. has dropped 9.15% during the last 3-month period . Year-to-Date the stock performance stands at -20.33%.
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.