Analysts See $0.98 EPS for CIT Group Inc. (CIT)

April 23, 2018 - By Michael Collier

CIT Group Inc. (NYSE:CIT) LogoInvestors sentiment decreased to 0.9 in Q4 2017. Its down 0.11, from 1.01 in 2017Q3. It worsened, as 31 investors sold CIT Group Inc. shares while 97 reduced holdings. 41 funds opened positions while 74 raised stakes. 129.34 million shares or 3.85% less from 134.52 million shares in 2017Q3 were reported.
Moreover, Css Limited Com Il has 0.12% invested in CIT Group Inc. (NYSE:CIT). Glg Lc invested in 33,996 shares. Wedge Cap Mngmt L Ltd Partnership Nc holds 1.54 million shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.01% invested in CIT Group Inc. (NYSE:CIT). Colony Grp Ltd Llc accumulated 0.01% or 4,501 shares. Aviva Public Ltd Liability Co invested 0.02% in CIT Group Inc. (NYSE:CIT). Amer Century Incorporated stated it has 11,273 shares or 0% of all its holdings. Paradigm Asset Management Company Limited Liability has invested 0.11% in CIT Group Inc. (NYSE:CIT). Asset Management One invested in 0.03% or 241,103 shares. California-based Franklin Resources has invested 0.26% in CIT Group Inc. (NYSE:CIT). Bridgeway Capital Mgmt has invested 0.56% in CIT Group Inc. (NYSE:CIT). Morgan Stanley has invested 0.01% in CIT Group Inc. (NYSE:CIT). Utd Services Automobile Association holds 15,417 shares. Brandywine Investment Mgmt Ltd Liability accumulated 113,001 shares or 0.03% of the stock. Wealthtrust holds 174 shares.

Since March 1, 2018, it had 0 insider purchases, and 1 sale for $107,268 activity.

Analysts expect CIT Group Inc. (NYSE:CIT) to report $0.98 EPS on April, 24 before the open.They anticipate $0.44 EPS change or 81.48 % from last quarter’s $0.54 EPS. CIT’s profit would be $126.53 million giving it 13.51 P/E if the $0.98 EPS is correct. After having $0.99 EPS previously, CIT Group Inc.’s analysts see -1.01 % EPS growth. The stock decreased 0.04% or $0.02 during the last trading session, reaching $52.97. About 589,795 shares traded. CIT Group Inc. (NYSE:CIT) has risen 25.02% since April 23, 2017 and is uptrending. It has outperformed by 13.47% the S&P500.

CIT Group Inc. (NYSE:CIT) Ratings Coverage

Among 10 analysts covering CIT Group (NYSE:CIT), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. CIT Group had 18 analyst reports since October 25, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $47.0 target in Tuesday, December 12 report. Stephens maintained the shares of CIT in report on Tuesday, January 2 with “Buy” rating. The firm earned “Market Perform” rating on Wednesday, January 31 by Wells Fargo. On Monday, February 5 the stock rating was upgraded by BMO Capital Markets to “Market Perform”. The company was maintained on Sunday, February 4 by Keefe Bruyette & Woods. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. On Monday, March 26 the stock rating was maintained by Oppenheimer with “Buy”. The stock of CIT Group Inc. (NYSE:CIT) earned “Equal-Weight” rating by Morgan Stanley on Monday, February 5. The stock has “Sell” rating by BMO Capital Markets on Tuesday, January 30. The company was maintained on Wednesday, October 25 by Barclays Capital.

CIT Group Inc. operates as the bank holding firm for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The company has market cap of $6.84 billion. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios , and Corporate and Other divisions. It has a 18.96 P/E ratio. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring and secured financing services, as well as receivables management products to the retail supply chain; and equipment leasing and secured financing to the rail industry.

CIT Group Inc. (NYSE:CIT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.