Shares of CIT Group Inc (DEL) (NYSE:CIT) climbed +0.73% and ended at $36.03 greater than previous closing price of $35.77. The total 1.42 million shares were bought and sold throughout the most recent trading session less than average volume of 1.58 million shares.
CIT Group Inc. (CIT), cit.com, a leading provider of commercial lending and leasing services, reported that CIT Aerospace, Defense & Government Finance provided a $35 million senior secured credit facility to Mesa Airlines, a provider of regional air service for American Airlines and United Airlines. Mesa Airlines is the fourth-largest independent regional carrier in the United States. The financing supports the refinancing of existing debt as well as provides working capital. Financing was provided by CIT Bank, N.A., the principal bank subsidiary of CIT. Terms of the transaction was not revealed. CIT Treasury Management is also providing cash management services to Mesa Airlines.
Currently CIT Group Inc (DEL) (CIT) captured an average recommendation of “ Overweight ” from analysts, according to FactSet data. The stock has been suggested as “Buy” from “5″ Analysts”. “0” rated “Sell” for the company. “9” said the company as a “Hold”. Overweight rating was given by “0” and Underweight rating was given by “1”.
Analysts are expecting that the company to achieve $39.79 Price Target in next 52-weeks, average price is come up through the consensus of analysts. High potential price target is set at $52.00 however minimum price target advised by analysts is $32.00. The Median price target for the stock is measured at $39.00.
Presently, Analysts decided consensus EPS estimate of $0.79 for present quarter and one month ago projected EPS estimate was at $0.78. If we take a look at back 3 month ago, consensus EPS estimate was $0.82.
A current consensus EPS estimate for next quarter is at $0.79 and 3 month ago EPS forecast was $0.84. Have a look at back 1 month ago, consensus EPS forecast was seen at $0.79.
For current fiscal year, most recent EPS estimate is set at $2.53 based on Analyst consensus and three month ago consensus EPS opinions was at $3.19. During period one month ago, consensus EPS forecast was decided at $2.53.
A current consensus EPS projection for next fiscal year is observed at $3.58 and one month ago consensus EPS forecast was at $3.58. Take a look at back three month ago, consensus EPS estimate opinions was decided at $3.72 by analysts.
One Month ago, the stock has gained consensus mean rating of Overweight based on the analysis of brokerage analyst firms polled. 6 presented the recommendations about the stock as a “Buy” signal and “Overweight” signal was reported by 0. 9 advised the “Hold” rating about this stock. 0 revealed “Sell” signal and “Underweight” rating was declared by 1.
Three Months Ago, Analysts recommended an average brokerage rating of Overweight derived from brokerage firms, according to FactSet. 7 said a “Buy Rating” and 0 announced “Overweight Rating”. 10 advised “Hold Rating” regarding the stock. 0 announced “Sell Rating” and 1 disclosed “Underweight Rating”.