PNC stock: buy or sell
Updated on:
Apr 16th, 2021
2
PNC stock brief
- PNC Financial Services closed on Thursday at $174.79 (-1.91%) prior to presenting earnings on Friday
- PNC Financial Services made public its earnings report on Friday
- Jefferies Financial Group published a hold rating for PNC Financial Services on Thursday, with a target of $183.00
- The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States.
Should I buy PNC Financial Services stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PNC stock a buy?
Currently, PNC Financial Services stock matches one trading strategy:
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it scales rapidly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Price is now at 4.78% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $183.15. The stop loss would be ordered at $164.84
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $183.15 | $164.84 | 10.00% |
Should I sell PNC Financial Services stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Similarly to when we have to buy shares, choosing when is appropiate to sell is not a whimsical decision, and we must adhere our own trading style. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups are not intended for selling short $PNC stock
A golden rule is that you should not keep an open trade that generates higher than expected losses at the time of the buy. When to sell your stock always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell PNC Financial Services stock?
In the current situation of PNC Financial Services there is not any eligible sell setup, so PNC Financial Services stock holders with operations in profit can keep their positions
PNC Financial Services ratings
In the last month, 6 brokerage ratings were published for PNC Financial Services
| Brokerage firm | Rating |
|---|---|
| Mar 30th, 2021 | |
| Stephens | |
| Apr 1st, 2021 | |
| Deutsche Bank Aktiengesellschaft | Buy → Neutral |
| Wells Fargo & Company | Buy |
| Apr 7th, 2021 | |
| Barclays | |
| Apr 9th, 2021 | |
| Jefferies Financial Group | Neutral |
| Apr 15th, 2021 | |
| Jefferies Financial Group | Neutral |
PNC Financial Services stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Thursday was 49.98. PNC Financial Services shares sliced a 1.44% since RSI lost the overbought zone
PNC Financial Services stock price history
PNC Financial Services went public priced at an adjusted price1 of $0.00 on Nov 1975. Since then, PNC stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in PNC Financial Services stock on the IPO, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for PNC Financial Services stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts published by analysts in the last month. If you are a small investor you must not trade based on these predictions.
The average price target for PNC Financial Services stock calculated from the table below is $186.67. PNC Financial Services closed at $174.79 on Thursday, that is a 6.36% than the predicted price.
| Brokerage firm | Price target |
|---|---|
| Mar 30th, 2021 | |
| Stephens | $155.00 → $190.00 |
| Apr 1st, 2021 | |
| Deutsche Bank Aktiengesellschaft | $157.00 → $190.00 |
| Wells Fargo & Company | $173.00 → $192.00 |
| Apr 7th, 2021 | |
| Barclays | $171.00 → $182.00 |
| Apr 9th, 2021 | |
| Jefferies Financial Group | $169.00 → $183.00 |
| Apr 15th, 2021 | |
| Jefferies Financial Group | $169.00 → $183.00 |
Earnings and financials
On Friday, The PNC Financial Services Group, Inc. ($PNC) reported EPS for that significantly enhanced Wall St. expectations. Quarterly EPS was $4.10 per share instead of $2.75. This Q1 report means an earnings surprise of 49.09%. On the contrary, reported sales were $4.2 billion, in line with analysts' forecasts.
This compares to Earnings of $1.95 per share same quarter last year, so reported EPS means a gain of 110.26%. Looking at revenues, figures slightly moved compared to $43.9B year over year.PNC ($PNC) releases quarterly financial report next July.
PNC Financial Services performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| PNC Financial Services ($PNC) | -1.90% | 10.70% | 59.60% |
Important:
The thoughts contained in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not know the specific conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for general educational reasons onlyPNC summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $178.38 |
| Close | $174.79 |
| Day range | $172.12 - $178.54 |
| Previous close | $178.19 |
| Session gain | -1.91% |
| Average true range | $4.01 |
| 50d mov avg | $171.39 |
| 100d mov avg | $158.07 |
| 200d mov avg | $132.90 |
| Earnings date | July 14th, 2021 |