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

April 18, 2018 - By Adrian Erickson

CIT Group Inc. (NYSE:CIT) LogoInvestors sentiment decreased to 0.9 in Q4 2017. Its down 0.11, from 1.01 in 2017Q3. It turned negative, 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.
Gulf Int Comml Bank (Uk) Limited has 103,213 shares. Us Financial Bank De reported 9,185 shares. Panagora Asset Mgmt reported 0% in CIT Group Inc. (NYSE:CIT). Menta Capital Limited has invested 0.15% of its portfolio in CIT Group Inc. (NYSE:CIT). Virtu Limited Liability holds 4,865 shares or 0.01% of its portfolio. Sumitomo Mitsui Trust Incorporated accumulated 410,032 shares. Ubs Asset Management Americas invested 0.02% of its portfolio in CIT Group Inc. (NYSE:CIT). Pictet Asset Mgmt Ltd owns 57,983 shares. Moreover, Rafferty Asset Mgmt Ltd Com has 0.03% invested in CIT Group Inc. (NYSE:CIT). Capital Fund Mngmt Sa holds 0.03% or 122,842 shares in its portfolio. Amp Capital Invsts Ltd invested in 0.01% or 42,999 shares. Lsv Asset has invested 0.28% in CIT Group Inc. (NYSE:CIT). Robeco Institutional Asset Mngmt Bv accumulated 6,086 shares. Sei Invests stated it has 0.01% in CIT Group Inc. (NYSE:CIT). Gendell Jeffrey L holds 325,071 shares.

Since March 1, 2018, it had 0 insider buys, and 1 insider 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 $126.53M giving it 13.28 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 increased 0.17% or $0.09 during the last trading session, reaching $52.04. About 108,685 shares traded. CIT Group Inc. (NYSE:CIT) has risen 25.02% since April 18, 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. The rating was upgraded by BMO Capital Markets to “Market Perform” on Monday, February 5. The rating was maintained by Keefe Bruyette & Woods on Tuesday, December 12 with “Hold”. Morgan Stanley maintained CIT Group Inc. (NYSE:CIT) on Wednesday, December 13 with “Equal-Weight” rating. Keefe Bruyette & Woods maintained CIT Group Inc. (NYSE:CIT) on Sunday, February 4 with “Hold” rating. The firm has “Buy” rating by Stephens given on Tuesday, January 2. The stock has “Buy” rating by BTIG Research on Tuesday, October 24. The firm earned “Hold” rating on Tuesday, March 27 by UBS. Wells Fargo maintained the stock with “Market Perform” rating in Wednesday, January 31 report. The firm has “Neutral” rating by Credit Suisse given on Monday, February 5. The firm has “Buy” rating given on Monday, March 26 by Oppenheimer.

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 $6.72 billion. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios , and Corporate and Other divisions. It has a 18.63 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

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