NYSE:CIT - CIT Group Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $45.58
  • Forecasted Upside: -9.84 %
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$50.56
▲ +0.08 (0.16%)

This chart shows the closing price for CIT by one month, three months, or twelve months.

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Analyst Price Target for CIT

Analyst Price Target is $45.58
▼ -9.84% Downside Potential
This price target is based on 6 analysts offering 12 month price targets for CIT Group in the last 3 months. The average price target is $45.58, with a high forecast of $62.00 and a low forecast of $34.00. The average price target represents a -9.84% upside from the last price of $50.56.

This chart shows the closing price for CIT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 6 investment analysts is to hold stock in CIT Group. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

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  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
3/27/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
6/25/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
9/23/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 0 sell ratings
12/22/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 0 sell ratings
3/22/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
6/20/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
8/19/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
9/18/2021

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/29/2021Wells Fargo & CompanyBoost Price TargetEqual Weight$38.00 ➝ $54.00Medium
4/19/2021Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ Outperform$37.00 ➝ $62.00High
4/14/2021CitigroupBoost Price Target$47.00 ➝ $52.00Medium
2/17/2021CitigroupBoost Price Target$37.00 ➝ $47.00Low
1/27/2021Wells Fargo & CompanyBoost Price TargetEqual Weight$24.00 ➝ $38.00High
11/18/2020Smith Barney CitigroupDowngradeBuy ➝ Neutral$28.00 ➝ $37.00Medium
11/11/2020BMO Capital MarketsDowngradeOutperform ➝ Market Perform$34.50High
11/10/2020UBS GroupDowngradeBuy ➝ Neutral$30.00 ➝ $34.00Medium
9/30/2020OppenheimerReiterated RatingHoldMedium
8/4/2020Morgan StanleyLower Price TargetEqual Weight$26.00 ➝ $24.00Low
7/22/2020CitigroupLower Price TargetBuy$31.00 ➝ $28.00Medium
7/21/2020OppenheimerDowngradeOutperform ➝ Market PerformHigh
6/18/2020CitigroupBoost Price TargetBuy$27.00 ➝ $31.00Medium
6/8/2020Morgan StanleyBoost Price TargetEqual Weight$20.00 ➝ $26.00High
5/14/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$26.00 ➝ $29.00High
5/6/2020Morgan StanleyLower Price TargetEqual Weight$21.00 ➝ $20.00High
4/22/2020BMO Capital MarketsLower Price TargetMarket Perform$42.00 ➝ $26.00Low
4/22/2020Credit Suisse GroupReiterated RatingHoldMedium
4/21/2020OppenheimerInitiated CoverageBuy$61.00 ➝ $54.00High
4/20/2020Credit Suisse GroupLower Price TargetNeutral$52.00 ➝ $26.00High
4/7/2020Morgan StanleyLower Price TargetEqual Weight$38.00 ➝ $21.00High
4/1/2020OppenheimerLower Price TargetOutperform$71.00 ➝ $61.00High
3/24/2020CitigroupLower Price TargetBuy$57.00 ➝ $27.00High
3/17/2020Morgan StanleyLower Price TargetEqual Weight$41.00 ➝ $38.00High
3/5/2020Morgan StanleyLower Price TargetEqual Weight$52.00 ➝ $45.00High
1/29/2020StephensBoost Price TargetEqual Weight$44.00 ➝ $48.00Medium
1/28/2020OppenheimerInitiated CoverageBuy$76.00Medium
10/3/2019Morgan StanleyLower Price TargetEqual Weight$54.00 ➝ $53.00Medium
7/24/2019BMO Capital MarketsBoost Price TargetMarket Perform$49.00 ➝ $50.00High
4/24/2019OppenheimerBoost Price TargetOutperform$63.00 ➝ $71.00Low
4/24/2019UBS GroupBoost Price TargetBuy ➝ Buy$55.00 ➝ $60.00Low
4/24/2019CitigroupBoost Price TargetBuy$55.00 ➝ $62.00Low
3/26/2019OppenheimerBoost Price TargetOutperform ➝ Outperform$61.00 ➝ $63.00Low
1/30/2019OppenheimerBoost Price TargetOutperform$49.00 ➝ $61.00Low
1/9/2019UBS GroupUpgradeNeutral ➝ BuyHigh
12/14/2018BarclaysSet Price TargetHold$47.00High
12/11/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$56.00 ➝ $52.00Low
10/25/2018BMO Capital MarketsBoost Price TargetMarket Perform$44.00 ➝ $47.00Medium
9/18/2018Morgan StanleyLower Price TargetEqual Weight$58.00 ➝ $57.50Medium
8/27/2018StephensDowngradeOverweight ➝ Equal Weight$60.00Medium
7/31/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$57.00 ➝ $58.00Low
7/25/2018BMO Capital MarketsLower Price TargetMarket Perform ➝ Market Perform$46.00 ➝ $44.00Low
6/29/2018Credit Suisse GroupBoost Price TargetNeutral ➝ Neutral$54.00 ➝ $56.00Low
6/29/2018Compass PointInitiated CoverageBuy$49.64Medium
4/25/2018BMO Capital MarketsLower Price TargetMarket Perform ➝ Market Perform$49.00 ➝ $46.00High
4/18/2018BTIG ResearchReiterated RatingBuy$57.00Low
3/27/2018UBS GroupInitiated CoverageNeutral$56.00Low
2/5/2018Credit Suisse GroupBoost Price TargetNeutral ➝ Neutral$50.00 ➝ $54.00High
2/5/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$54.00 ➝ $57.00High
2/5/2018BMO Capital MarketsUpgradeUnderperform ➝ Market Perform$49.00 ➝ $35.00Low
1/31/2018Wells Fargo & CompanyBoost Price TargetMarket Perform ➝ Market Perform$52.00 ➝ $53.00Medium
1/12/2018BarclaysSet Price TargetHold$53.00Low
1/3/2018StephensSet Price TargetBuy$60.00Medium
12/29/2017Keefe, Bruyette & WoodsReiterated RatingHold$53.00Medium
12/13/2017Morgan StanleyBoost Price TargetEqual Weight$51.00 ➝ $54.00Low
12/1/2017Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market Perform$52.00Low
10/25/2017BMO Capital MarketsBoost Price TargetUnderperform$31.00 ➝ $35.00N/A
10/25/2017BarclaysLower Price TargetEqual Weight$45.00 ➝ $44.00N/A
10/24/2017OppenheimerReiterated RatingBuyN/A
10/16/2017CitigroupInitiated CoverageBuy$60.00N/A
10/6/2017BMO Capital MarketsReiterated RatingSell$31.00N/A
10/3/2017Keefe, Bruyette & WoodsReiterated RatingHold$47.00Low
9/18/2017Morgan StanleyBoost Price TargetEqual Weight$50.00 ➝ $51.00Low
7/26/2017BMO Capital MarketsBoost Price TargetUnderperform$31.00 ➝ $48.60Low
7/25/2017BTIG ResearchReiterated RatingBuy$57.00Low
7/17/2017StephensUpgradeEqual Weight ➝ OverweightMedium
7/13/2017JMP SecuritiesBoost Price TargetMarket Outperform$49.00 ➝ $54.00Low
7/11/2017CIBCReiterated RatingOutperformLow
7/11/2017OppenheimerReiterated RatingOutperformLow
7/2/2017Credit Suisse GroupReiterated RatingHold$48.00Medium
6/16/2017BMO Capital MarketsReiterated RatingSell$30.00Low
5/27/2017Keefe, Bruyette & WoodsSet Price TargetHold$46.00N/A
4/26/2017BMO Capital MarketsReiterated RatingSell$30.00Low
4/26/2017Bank of AmericaUpgradeNeutral ➝ BuyLow
3/27/2017Morgan StanleyInitiated CoverageEqual ➝ Equal Weight$45.00Low
2/5/2017BTIG ResearchReiterated RatingBuy$45.00N/A
2/5/2017Credit Suisse GroupReiterated RatingHold$45.00N/A
2/1/2017BarclaysLower Price Target$41.00N/A
1/8/2017BarclaysSet Price TargetHold$43.00N/A
11/18/2016BMO Capital MarketsDowngradeMarket Perform ➝ Underperform$33.00N/A
11/1/2016StephensInitiated CoverageEqual WeightN/A
10/11/2016Bank of AmericaUpgradeUnderperform ➝ Neutral$39.00N/A
10/10/2016JMP SecuritiesReiterated RatingBuyN/A
10/10/2016BMO Capital MarketsReiterated RatingHoldN/A
10/8/2016BTIG ResearchSet Price TargetBuy$52.00N/A
10/7/2016Stifel NicolausDowngradeBuy ➝ Hold$40.00 ➝ $41.00N/A
(Data available from 9/19/2016 forward)

News Sentiment Rating

0.32 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
2/21/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/23/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/22/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/22/2021
  • 0 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/21/2021
  • 4 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/21/2021
  • 6 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
8/20/2021
  • 3 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/19/2021

Current Sentiment

  • 3 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
CIT Group logo
CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Corporate. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Corporate segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.
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Today's Range

Now: $50.56
Low: $50.10
High: $50.80

50 Day Range

MA: $51.32
Low: $45.67
High: $56.17

52 Week Range

Now: $50.56
Low: $15.65
High: $56.62

Volume

1,583,441 shs

Average Volume

824,200 shs

Market Capitalization

$5.01 billion

P/E Ratio

8.45

Dividend Yield

2.77%

Beta

1.57

Frequently Asked Questions

What sell-side analysts currently cover shares of CIT Group?

The following sell-side analysts have issued reports on CIT Group in the last twelve months: BMO Capital Markets, Citigroup Inc., Keefe, Bruyette & Woods, Oppenheimer Holdings Inc., Smith Barney Citigroup, TheStreet, UBS Group AG, Wells Fargo & Company, and Zacks Investment Research.
View the latest analyst ratings for CIT.

What is the current price target for CIT Group?

6 Wall Street analysts have set twelve-month price targets for CIT Group in the last year. Their average twelve-month price target is $45.58, suggesting a possible downside of 9.8%. Keefe, Bruyette & Woods has the highest price target set, predicting CIT will reach $62.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $34.00 for CIT Group in the next year.
View the latest price targets for CIT.

What is the current consensus analyst rating for CIT Group?

CIT Group currently has 5 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CIT, but not buy more shares or sell existing shares.
View the latest ratings for CIT.

What other companies compete with CIT Group?

How do I contact CIT Group's investor relations team?

CIT Group's physical mailing address is 11 West 42nd Street, New York NY, 10036. The financial services provider's listed phone number is (212) 461-5200 and its investor relations email address is [email protected] The official website for CIT Group is www.cit.com.