CIT Group Inc. (NYSE:CIT) had its Buy rating reiterated by Citigroup with a $62.00 price target

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

Today, Citigroup reiterated its Buy rating on CIT Group Inc. (NYSE:CIT) with a price target of $62.00.

There are 5 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 $54.58 per share, a potential 2.86% upside.

Some recent analyst ratings include

  • 4/24/2019-CIT Group Inc. (NYSE:CIT) had its Buy rating reiterated by Citigroup with a $62.00 price target
  • 1/9/2019-CIT Group Inc. (NYSE:CIT) gets upgraded to Buy by UBS Group
  • 8/27/2018-CIT Group Inc. (NYSE:CIT) gets downgraded to Equal Weight by Stephens with a price target of $60.00
  • On 3/8/2019 Matthew Galligan, Insider, sold 997 with an average share price of $48.65 per share and the total transaction amounting to $48,504.05.
  • On 3/6/2019 Edward K Sperling, EVP, sold 2,224 with an average share price of $50.16 per share and the total transaction amounting to $111,555.84.
  • On 2/25/2019 Matthew Galligan, Insider, sold 2,300 with an average share price of $51.68 per share and the total transaction amounting to $118,864.00.
  • On 2/19/2019 Matthew Galligan, Insider, sold 5,375 with an average share price of $50.82 per share and the total transaction amounting to $273,157.50.
  • 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.

About CIT Group Inc. (NYSE:CIT)
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 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; equipment leasing and secured financing to railroads and non-rail companies; equipment financing to small businesses. The Consumer Banking segment provides deposits, including checking and savings accounts, money market, and individual retirement accounts; time deposits and certificates of deposit; and offers residential mortgage and small business administration loans, as well as fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.

Recent Trading Activity for CIT Group Inc. (NYSE:CIT)
Shares of CIT Group Inc. closed the previous trading session at 53,06 up +3,06 6,12 % with 53.38 shares trading hands.