How to buy CIT Group stock (CIT)

CIT Group is a banks - regional business based in the US. CIT Group shares (CIT) are listed on the NYSE and all prices are listed in US Dollars. CIT Group employs 3,812 staff and has a trailing 12-month revenue of around $2.8 billion.

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CIT Group stock price (NYSE: CIT)

Use our graph to track the performance of CIT stocks over time.

CIT Group shares at a glance

• Key figures

Information last updated 2022-02-27.

52-week range	$0.00 - $0.00
50-day moving average more info button	$50.58
200-day moving average more info button	$51.59
Wall St. target price	$52.67
PE ratio more info button	7.775
Dividend yield more info button	$1.4 (2.62%)
Earnings per share (TTM) more info button	$6.88

Is it a good time to buy CIT Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is CIT Group stock undervalued or overvalued?

Valuing CIT Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of CIT Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

CIT Group's P/E ratio

CIT Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, CIT Group shares trade at around 8x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

CIT Group's PEG ratio

CIT Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.48. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into CIT Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

CIT Group financials

Revenue TTM	$2.8 billion
Operating margin TTM	41.4%
Gross profit TTM	$1.6 billion
Return on assets TTM	1.24%
Return on equity TTM	11.98%
Profit margin	25.8%
Book value	$56.97
Market Capitalization more info button	$5.3 billion

TTM: trailing 12 months

CIT Group share dividends

Dividend payout ratio: 20.29% of net profits

Recently CIT Group has paid out, on average, around 0% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), CIT Group shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In CIT Group's case, that would currently equate to about $1.4 per share.

While CIT Group's payout ratio might seem low, this can signify that CIT Group is investing more in its future growth.

CIT Group's most recent dividend payout was on 11 November 2021. The latest dividend was paid out to all shareholders who bought their shares by 27 October 2021 (the "ex-dividend date").

CIT Group share price volatility

Over the last 12 months, CIT Group's shares have ranged in value from as little as $0 up to $0. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while CIT Group's is 1.4717. This would suggest that CIT Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

CIT Group overview

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.

Frequently asked questions

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What percentage of CIT Group is owned by insiders or institutions?
Currently 1.089% of CIT Group shares are held by insiders and 94.434% by institutions. How many people work for CIT Group?
Latest data suggests 3,812 work at CIT Group. When does the fiscal year end for CIT Group?
CIT Group's fiscal year ends in December. Where is CIT Group based?
CIT Group's address is: 11 West 42nd Street, New York, NY, United States, 10036 What is CIT Group's ISIN number?
CIT Group's international securities identification number is: US1255818015 What is CIT Group's CUSIP number?
CIT Group's Committee on Uniform Securities Identification Procedures number is: 125581801