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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| Latest market close | $0.00 |
|---|---|
| 52-week range | $0.00 - $0.00 |
| 50-day moving average | $50.58 |
| 200-day moving average | $51.59 |
| Wall St. target price | $52.67 |
| PE ratio | 7.775 |
| Dividend yield | $1.4 (2.62%) |
| Earnings per share (TTM) | $6.88 |
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.
Historical closes compared with the close of $0 from 2022-01-19
| 1 week (2024-08-25) | nan% |
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| 1 month (2024-08-01) | nan% |
| 3 months (2024-06-01) | nan% |
| 6 months (2024-03-01) | nan% |
| 1 year (2023-09-01) | nan% |
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| 2 years (2022-09-01) | nan% |
| 3 years (2021-09-03) | 55.02 |
| 5 years (2019-09-05) | 39.5456 |
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 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 "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.
| 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 | $5.3 billion |
TTM: trailing 12 months
Dividend payout ratio: 20.29% of net profits
Recently CIT Group has paid out, on average, around 20.29% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.62% 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 2.62% 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").
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 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.
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