2016
01/22

Category:
Secured Financing

TAG:

COMMENTS:
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Goldman Sachs Lowers CIT Group Inc. (CIT) Price Target to $47.00

Several other equities research analysts have also recently commented on the company. BTIG Research reissued a buy rating and issued a $56.00 price target on shares of CIT Group in a research note on Thursday, October 22nd. Stifel Nicolaus reduced their target price on shares of CIT Group from $52.00 to $50.00 and set a buy rating for the company in a research note on Monday, November 9th. Barclays boosted their target price on shares of CIT Group from $46.00 to $48.00 and gave the stock an equal weight rating in a research report on Wednesday, November 4th. BMO Capital Markets began coverage on shares of CIT Group in a research note on Monday, November 2nd. They set a market perform rating on the stock. Finally, Credit Suisse dropped their price target on shares of CIT Group from $48.00 to $47.00 and set a neutral rating on the stock in a research note on Thursday, October 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the companys stock. CIT Group presently has an average rating of Buy and an average price target of $53.08.

CIT Group Inc. is a bank holding company (NYSE:CIT), which provides financing, leasing and advisory services principally to middle market companies. The Company operates in two segments: Transportation and International Finance (TIF), provider of leasing and financing solutions to operators and suppliers in the global aviation and railcar industries, and North American Commercial Finance (NACF)., which consists of four divisions: Commercial Services, Corporate Finance, Equipment Finance and Real Estate Finance. Commercial Services provides factoring, receivable management products, and secured financing to businesses. Corporate Finance provides a range of financing options and offers advisory services to small and medium size companies. Equipment Finance provides leasing and equipment loan solutions to small businesses and middle market companies. Real Estate Finance provides senior secured commercial real estate loans to developers and other commercial real estate professionals.

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