Short Term Rating on CIT Group Inc (DEL) (CIT)

CIT Group Inc (DEL) (CIT) has an average broker rating of 2, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.

CIT Group Inc (DEL) (CIT) : 11 Wall Street analysts covering CIT Group Inc (DEL) (CIT) believe that the average level the stock could reach for the short term is $43.46. The maximum price target given is $65 and the minimum target for short term is around $33, hence the standard deviation is calculated at $9.73.

For the current week, the company shares have a recommendation consensus of Buy.


CIT Group Inc (DEL) (NYSE:CIT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.73 and $33.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.76, notching a gain of 1.75% for the day. The total traded volume was 2,047,667 . The stock had closed at $33.18 on the previous day.

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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