CIT Group Inc (DEL) with ticker code (CIT) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 62 and 46 with a mean TP of 52.67. With the stocks previous close at 51.34 this would indicate that there is a potential upside of 2.6%. The 50 day moving average now sits at 50.58 and the 200 moving average now moves to 51.59. The market capitalisation for the company is $5,306m. You can visit the company’s website by visiting: https://www.cit.com
The potential market cap would be $5,443m based on the market concensus.
CIT Group 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 productsluding 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 was founded in 1908 and is based in New York, New York.
