CIT Group Inc (DEL) with ticker code (CIT) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 62 and 46 and has a mean target at 52.67. With the stocks previous close at 51.34 this indicates there is a potential upside of 2.6%. The day 50 moving average is 50.58 while the 200 day moving average is 51.59. The market cap for the company is $5,306m. Find out more information at: https://www.cit.com
The potential market cap would be $5,443m based on the market concensus.
CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.
