cit stock down

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The stock tanked 7% Tuesday after posting dismal quarterly earnings and a steep currency bill tied to the sale of Brazilian operations. Several equities research analysts have issued reports on the company.

On January 09, 2019, UBS Upgrade a Buy rating.

The median projection represents growth adding up to -4.3% compared to sales earnings for the corresponding quarter a year ago. This stock’s volatility for the past week remained at 5.20%, while it was 6.15% for the past 30-day period. CIT Group Inc. (CIT) stock is higher by 4.95% while the S&P 500 is higher by 0.08% as of 11:44 AM on Friday, Jul 10. A recent pick, Maxar, skyrocketed For 32 years, our Strong Buy list has averaged returns more than twice the market. With a range of personal banking products along with business and commercial financing options we are ready to help turn your ideas into outcomes. See its 7 best stocks now.We need the following information so we can identify you in our systems. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -59.11% down in year-to-date price movement. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. CIT Group shares last traded at $19.22, with a volume of 2,905,500 shares. According to news published on The most recent analyst activity for CIT Group Inc. [NYSE:CIT] stock was on May 15, 2020, when it was Upgrade with an Outperform rating from BMO Capital Markets, which also raised its 12-month price target on the stock from $26 to $29. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Shares of CIT Group Inc. CIT lost 7.8%, following the release of first-quarter 2020 results. Delayed quotes by Sungard.NYSE and AMEX data is at least 20 minutes delayed. Apr 22, 2020 8:49AM EDT Shares of CIT Group Inc. CIT lost 7.8%, following the release of first-quarter 2020 results. The monthly returns are then compounded to arrive at the annual return. During the same quarter in the prior year, the company posted $1.33 EPS.

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. That rank is chiefly influenced by a short-term technical score of 4.

According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $1.8 Billion, or -2.7% down from figures reported last year.On the other hand, looking at the outlook for the CIT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. On March 27, 2017, Morgan Stanley Initiated an Equal-weight rating and improved its amount target to $45.In the past 52 weeks of trading, this stock has oscillated between a low of $12.02 and a peak of $51.65. Zacks Ranks stocks can, and often do, change throughout the month.

View CIT revenue estimates and earnings estimates, as well as analyst recommendations. Shares of CIT Group Inc. (CIT - Free Report) lost 7.8%, following the release of first-quarter 2020 results. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.Real time prices by BATS. On Mar 23, Frank Alan L, Director, completed a purchase of 2500.0 shares. This may take up to 72 hours, if you do not receive this verification email, please contact us at This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. NASDAQ data is at least 15 minutes delayed.The Bank of New York Mellon Corporation (BK) - free report >>The PNC Financial Services Group, Inc (PNC) - free report >> We use cookies to understand how you use our site and to improve your experience. ZacksTrade and Zacks.com are separate companies. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.40 and it’s amount to book ratio is 0.74.Shifting our attention to insider trading activity, in the last 3 months, CIT Group Inc. [NYSE:CIT] has had 26 insider purchases representing 39,479 shares 16 insider sales representing 9,184 shares.

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cit stock down

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