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NYSE:CIT - CIT Group Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $43.69
  • Forecasted Upside: -16.72 %
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 7 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$52.46
▲ +0.89 (1.73%)
1 month | 3 months | 12 months
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Analyst Price Target for CIT

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$43.69
▼ -16.72% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for CIT Group in the last 3 months. The average price target is $43.69, with a high forecast of $62.00 and a low forecast of $24.00. The average price target represents a -16.72% upside from the last price of $52.46.

Hold

The current consensus among 9 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

  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
11/16/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
2/14/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
5/14/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
8/12/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 0 sell ratings
11/10/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 8 hold ratings
  • 0 sell ratings
2/8/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 8 hold ratings
  • 0 sell ratings
4/9/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 7 hold ratings
  • 0 sell ratings
5/9/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 7 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
i
4/26/2021Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ Outperform$37.00 ➝ $62.00N/A
i
Rating by B. Klock at Keefe, Bruyette & Woods
4/19/2021Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ Outperform$37.00 ➝ $62.00High
i
Rating by B. Klock at Keefe, Bruyette & Woods
4/14/2021Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellBoost Price Target$47.00 ➝ $52.00Medium
i
4/14/2021CitigroupBoost Price Target$47.00 ➝ $52.00Medium
i
2/17/2021CitigroupBoost Price Target$37.00 ➝ $47.00Low
i
1/27/2021Wells Fargo & CompanyBoost Price TargetEqual Weight$24.00 ➝ $38.00High
i
11/18/2020Smith Barney CitigroupDowngradeBuy ➝ Neutral$28.00 ➝ $37.00Medium
i
11/18/2020Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon RussellDowngradeBuy ➝ Neutral$28.00 ➝ $37.00Medium
i
11/11/2020BMO Capital MarketsDowngradeOutperform ➝ Market Perform$34.50High
i
11/10/2020UBS GroupDowngradeBuy ➝ Neutral$30.00 ➝ $34.00Medium
i
9/30/2020OppenheimerReiterated RatingHoldMedium
i
Rating by Chris Kotowski at Oppenheimer Holdings Inc.
8/4/2020Morgan StanleyLower Price TargetEqual Weight$26.00 ➝ $24.00Low
i
7/22/2020CitigroupLower Price TargetBuy$31.00 ➝ $28.00Medium
i
7/21/2020OppenheimerDowngradeOutperform ➝ Market PerformHigh
i
Rating by Chris Kotowski at Oppenheimer Holdings Inc.
6/18/2020CitigroupBoost Price TargetBuy$27.00 ➝ $31.00Medium
i
6/8/2020Morgan StanleyBoost Price TargetEqual Weight$20.00 ➝ $26.00High
i
5/14/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$26.00 ➝ $29.00High
i
5/6/2020Morgan StanleyLower Price TargetEqual Weight$21.00 ➝ $20.00High
i
4/22/2020BMO Capital MarketsLower Price TargetMarket Perform$42.00 ➝ $26.00Low
i
4/22/2020Credit Suisse GroupReiterated RatingHoldMedium
i
4/21/2020OppenheimerInitiated CoverageBuy$61.00 ➝ $54.00High
i
Rating by Chris Kotowski at Oppenheimer Holdings Inc.
4/20/2020Credit Suisse GroupLower Price TargetNeutral$52.00 ➝ $26.00High
i
4/7/2020Morgan StanleyLower Price TargetEqual Weight$38.00 ➝ $21.00High
i
4/1/2020OppenheimerLower Price TargetOutperform$71.00 ➝ $61.00High
i
Rating by Chris Kotowski at Oppenheimer Holdings Inc.
3/24/2020CitigroupLower Price TargetBuy$57.00 ➝ $27.00High
i
3/17/2020Morgan StanleyLower Price TargetEqual Weight$41.00 ➝ $38.00High
i
3/5/2020Morgan StanleyLower Price TargetEqual Weight$52.00 ➝ $45.00High
i
1/29/2020StephensBoost Price TargetEqual Weight$44.00 ➝ $48.00Medium
i
1/28/2020OppenheimerInitiated CoverageBuy$76.00Medium
i
Rating by Chris Kotowski at Oppenheimer Holdings Inc.
10/3/2019Morgan StanleyLower Price TargetEqual Weight$54.00 ➝ $53.00Medium
i
7/24/2019BMO Capital MarketsBoost Price TargetMarket Perform$49.00 ➝ $50.00High
i
4/24/2019OppenheimerBoost Price TargetOutperform$63.00 ➝ $71.00Low
i
4/24/2019UBS GroupBoost Price TargetBuy ➝ Buy$55.00 ➝ $60.00Low
i
4/24/2019CitigroupBoost Price TargetBuy$55.00 ➝ $62.00Low
i
3/26/2019OppenheimerBoost Price TargetOutperform ➝ Outperform$61.00 ➝ $63.00Low
i
1/30/2019OppenheimerBoost Price TargetOutperform$49.00 ➝ $61.00Low
i
1/9/2019UBS GroupUpgradeNeutral ➝ BuyHigh
i
12/14/2018BarclaysSet Price TargetHold$47.00High
i
Rating by Mark Devries at Barclays PLC
12/11/2018Morgan StanleyLower Price TargetEqual Weight ➝ Equal Weight$56.00 ➝ $52.00Low
i
10/25/2018BMO Capital MarketsBoost Price TargetMarket Perform$44.00 ➝ $47.00Medium
i
9/18/2018Morgan StanleyLower Price TargetEqual Weight$58.00 ➝ $57.50Medium
i
8/27/2018StephensDowngradeOverweight ➝ Equal Weight$60.00Medium
i
7/31/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$57.00 ➝ $58.00Low
i
7/25/2018BMO Capital MarketsLower Price TargetMarket Perform ➝ Market Perform$46.00 ➝ $44.00Low
i
6/29/2018Credit Suisse GroupBoost Price TargetNeutral ➝ Neutral$54.00 ➝ $56.00Low
i
6/29/2018Compass PointInitiated CoverageBuy$49.64Medium
i
4/25/2018BMO Capital MarketsLower Price TargetMarket Perform ➝ Market Perform$49.00 ➝ $46.00High
i
4/18/2018BTIG ResearchReiterated RatingBuy$57.00Low
i
3/27/2018UBS GroupInitiated CoverageNeutral$56.00Low
i
2/5/2018Credit Suisse GroupBoost Price TargetNeutral ➝ Neutral$50.00 ➝ $54.00High
i
2/5/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$54.00 ➝ $57.00High
i
2/5/2018BMO Capital MarketsUpgradeUnderperform ➝ Market Perform$49.00 ➝ $35.00Low
i
1/31/2018Wells Fargo & CompanyBoost Price TargetMarket Perform ➝ Market Perform$52.00 ➝ $53.00Medium
i
1/12/2018BarclaysSet Price TargetHold$53.00Low
i
1/3/2018StephensSet Price TargetBuy$60.00Medium
i
12/29/2017Keefe, Bruyette & WoodsReiterated RatingHold$53.00Medium
i
12/13/2017Morgan StanleyBoost Price TargetEqual Weight$51.00 ➝ $54.00Low
i
12/1/2017Wells Fargo & CompanyInitiated CoverageMarket Perform ➝ Market Perform$52.00Low
i
10/25/2017BMO Capital MarketsBoost Price TargetUnderperform$31.00 ➝ $35.00N/A
i
10/25/2017BarclaysLower Price TargetEqual Weight$45.00 ➝ $44.00N/A
i
10/24/2017OppenheimerReiterated RatingBuyN/A
i
10/16/2017CitigroupInitiated CoverageBuy$60.00N/A
i
10/6/2017BMO Capital MarketsReiterated RatingSell$31.00N/A
i
10/3/2017Keefe, Bruyette & WoodsReiterated RatingHold$47.00Low
i
Rating by Melissa Roberts at Keefe, Bruyette & Woods
9/18/2017Morgan StanleyBoost Price TargetEqual Weight$50.00 ➝ $51.00Low
i
7/26/2017BMO Capital MarketsBoost Price TargetUnderperform$31.00 ➝ $48.60Low
i
7/25/2017BTIG ResearchReiterated RatingBuy$57.00Low
i
7/17/2017StephensUpgradeEqual Weight ➝ OverweightMedium
i
7/13/2017JMP SecuritiesBoost Price TargetMarket Outperform$49.00 ➝ $54.00Low
i
7/11/2017CIBCReiterated RatingOutperformLow
i
7/11/2017OppenheimerReiterated RatingOutperformLow
i
7/2/2017Credit Suisse GroupReiterated RatingHold$48.00Medium
i
6/16/2017BMO Capital MarketsReiterated RatingSell$30.00Low
i
5/27/2017Keefe, Bruyette & WoodsSet Price TargetHold$46.00N/A
i
Rating by Melissa Roberts at Keefe, Bruyette & Woods
4/26/2017BMO Capital MarketsReiterated RatingSell$30.00Low
i
4/26/2017Bank of AmericaUpgradeNeutral ➝ BuyLow
i
3/27/2017Morgan StanleyInitiated CoverageEqual ➝ Equal Weight$45.00Low
i
2/5/2017BTIG ResearchReiterated RatingBuy$45.00N/A
i
Rating by Mark Palmer at BTIG Research
2/5/2017Credit Suisse GroupReiterated RatingHold$45.00N/A
i
2/1/2017BarclaysLower Price Target$41.00N/A
i
Rating by Mark Devries at Barclays PLC
1/8/2017BarclaysSet Price TargetHold$43.00N/A
i
Rating by Mark Devries at Barclays PLC
11/18/2016BMO Capital MarketsDowngradeMarket Perform ➝ Underperform$33.00N/A
i
11/1/2016StephensInitiated CoverageEqual WeightN/A
i
10/11/2016Bank of AmericaUpgradeUnderperform ➝ Neutral$39.00N/A
i
10/10/2016JMP SecuritiesReiterated RatingBuyN/A
i
Rating by Christopher York at JMP Securities
10/10/2016BMO Capital MarketsReiterated RatingHoldN/A
i
10/8/2016BTIG ResearchSet Price TargetBuy$52.00N/A
i
Rating by Mark Palmer at BTIG Research
10/7/2016Stifel NicolausDowngradeBuy ➝ Hold$40.00 ➝ $41.00N/A
i
8/17/2016BTIG ResearchReiterated RatingBuy$52.00N/A
i
Rating by Mark Palmer at BTIG Research
8/15/2016Credit Suisse GroupLower Price TargetNeutral$42.00 ➝ $34.55N/A
i
Rating by Moshe Orenbuch at Credit Suisse Group AG
7/29/2016Nomura SecuritiesBoost Price TargetNeutral$33.00 ➝ $35.00N/A
i
7/29/2016BarclaysLower Price TargetEqual Weight$37.00 ➝ $35.00N/A
i
7/28/2016BTIG ResearchSet Price TargetBuy$52.00N/A
i
Rating by Mark Palmer at BTIG Research
7/19/2016BTIG ResearchReiterated RatingBuy$52.00N/A
i
Rating by Mark Palmer at BTIG Research
6/15/2016Deutsche Bank AktiengesellschaftReiterated RatingHoldN/A
i
Rating by David Ho at Deutsche Bank Aktiengesellschaft
(Data available from 5/9/2016 forward)
CIT Group logo
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. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.
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Today's Range

Now: $52.46
$50.53
$52.58

50 Day Range

MA: $52.12
$47.28
$54.56

52 Week Range

Now: $52.46
$12.31
$55.89

Volume

441,760 shs

Average Volume

923,613 shs

Market Capitalization

$5.20 billion

P/E Ratio

N/A

Dividend Yield

2.71%

Beta

1.61

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., Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, Keefe, Bruyette & Woods, Morgan Stanley, 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?

8 Wall Street analysts have set twelve-month price targets for CIT Group in the last year. Their average twelve-month price target is $43.69, suggesting a possible downside of 16.7%. Keefe, Bruyette & Woods has the highest price target set, predicting CIT will reach $62.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $24.00 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 7 hold ratings and 2 buy ratings 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.