CIT Group Inc. (NYSE:CIT) gets downgraded to Equal Weight by Stephens with a price target of $60.00

ME Staff
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Analyst Ratings For CIT Group Inc. (NYSE:CIT)

Today, CIT Group Inc. (NYSE:CIT) stock was downgraded by Stephens from Overweight to Equal Weight with a price target of $60.00.

There are 8 Hold Ratings, 4 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on CIT Group Inc. (NYSE:CIT) is Hold with a consensus target price of $54.5127 per share, a potential 0.10% upside.

Some recent analyst ratings include

  • 8/27/2018-CIT Group Inc. (NYSE:CIT) gets downgraded to Equal Weight by Stephens with a price target of $60.00
  • 6/29/2018-CIT Group Inc. (NYSE:CIT) has coverage initiated with a Buy rating and $49.64 price target
  • 4/18/2018-CIT Group Inc. (NYSE:CIT) had its Buy rating reiterated by BTIG Research with a $57.00 price target
  • 3/27/2018-CIT Group Inc. (NYSE:CIT) has coverage initiated with a Neutral rating and $56.00 price target


  • On 6/14/2018 Edward K Sperling, EVP, sold 1,765 with an average share price of $51.44 per share and the total transaction amounting to $90,791.60.
  • On 6/7/2018 Sheila A Stamps, Director, sold 3,350 with an average share price of $52.12 per share and the total transaction amounting to $174,602.00.
  • On 3/1/2018 James L Hudak, Insider, sold 2,000 with an average share price of $53.63 per share and the total transaction amounting to $107,260.00.
  • On 11/1/2017 Denise M Menelly, EVP, sold 8,951 with an average share price of $46.84 per share and the total transaction amounting to $419,264.84.
  • On 8/25/2017 Steve Solk, Insider, sold 1,460 with an average share price of $45.00 per share and the total transaction amounting to $65,700.00.
  • On 8/11/2017 James L Hudak, Insider, sold 2,100 with an average share price of $46.18 per share and the total transaction amounting to $96,978.00.
  • On 6/9/2017 Michael L Brosnan, Director, bought 24 with an average share price of $45.68 per share and the total transaction amounting to $1,096.32.

About CIT Group Inc. (NYSE:CIT)
CIT Group Inc. operates as the bank holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The company operates through three segments: Commercial Banking, Consumer Banking, and Non-Strategic Portfolios (NSP). The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring, receivables management products, and secured supply chain financing; and equipment leasing and secured financing to railroads and non-rail companies. The Consumer Banking segment provides mortgage loans and deposits. It accepts deposits, including checking and savings accounts, money market accounts, and certificates of deposit; and offers residential mortgage and small business administration loans, and reverse mortgages, as well as fiduciary services. The NSP segment provides equipment financing, secured lending, and leasing and advisory services to small and middle-market businesses. The company also offers online banking services. It operates through a network of 70 branches located in southern California. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.

Recent Trading Activity for CIT Group Inc. (NYSE:CIT)
Shares of CIT Group Inc. closed the previous trading session at 54,41 −0,34 0,62 % with 54.63 shares trading hands.