NYSE:CIT - CIT Group Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $35.83
  • Forecasted Upside: 1.02 %
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 8 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$35.47
▲ +0.77 (2.22%)
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.
$35.83
▲ +1.02% Upside 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 $35.83, with a high forecast of $54.00 and a low forecast of $24.00. The average price target represents a 1.02% upside from the last price of $35.47.
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
  • 2 buy ratings
  • 7 hold ratings
  • 0 sell ratings
6/4/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
9/2/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
12/1/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
2/29/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
5/29/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
8/27/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 5 hold ratings
  • 0 sell ratings
10/26/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 8 hold ratings
  • 0 sell ratings
11/25/2020

Latest Recommendations

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

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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
5/3/2016Nomura SecuritiesBoost Price TargetNeutral$33.00N/A
i
Rating by Bill Carcache at Nomura Securities
4/29/2016Credit Suisse GroupReiterated RatingHold$42.00N/A
i
Rating by Moshe Orenbuch at Credit Suisse Group AG
4/29/2016Bank of AmericaDowngradeNeutral ➝ UnderperformN/A
i
4/4/2016MacquarieReiterated RatingBuyN/A
i
Rating by Vincent Caintic at Macquarie
4/4/2016OppenheimerReiterated RatingBuy$50.00N/A
i
Rating by Chris Kotowski at Oppenheimer Holdings Inc.
4/4/2016Morgan StanleyReiterated RatingOverweight$38.00N/A
i
3/28/2016BMO Capital MarketsReiterated RatingHoldN/A
i
Rating by James Fotheringham at BMO Capital Markets
3/28/2016Keefe, Bruyette & WoodsReiterated RatingHoldN/A
i
Rating by Jefferson Harralson at Keefe, Bruyette & Woods
3/28/2016Sterne Agee CRTDowngradeBuy ➝ Neutral$37.00N/A
i
3/24/2016Drexel HamiltonReiterated RatingBuy$48.00N/A
i
3/23/2016Credit Suisse GroupReiterated RatingHold$42.00N/A
i
3/10/2016Drexel HamiltonReiterated RatingBuy$54.00N/A
i
2/4/2016Keefe, Bruyette & WoodsLower Price TargetMarket Perform$50.00 ➝ $40.00N/A
i
2/3/2016The Goldman Sachs GroupLower Price TargetNeutral$47.00 ➝ $42.00N/A
i
Rating by Eric Beardsley at The Goldman Sachs Group, Inc.
2/3/2016DA DavidsonLower Price TargetBuy$46.00N/A
i
2/3/2016BMO Capital MarketsLower Price TargetMarket Perform$48.00 ➝ $37.00N/A
i
2/3/2016BarclaysLower Price TargetEqual Weight$47.00 ➝ $37.00N/A
i
2/3/2016OppenheimerLower Price TargetOutperform$57.00 ➝ $50.00N/A
i
Rating by Chris Kotowski at Oppenheimer Holdings Inc.
2/3/2016BTIG ResearchReiterated RatingBuy$52.00N/A
i
Rating by Mark Palmer at BTIG Research
2/3/2016CitigroupDowngradeBuy ➝ NeutralN/A
i
2/2/2016OppenheimerReiterated RatingBuyN/A
i
Rating by Chris Kotowski at Oppenheimer Holdings Inc.
2/2/2016Nomura SecuritiesReiterated RatingNeutral$46.00N/A
i
1/26/2016BTIG ResearchReiterated RatingBuy$56.00N/A
i
Rating by Mark Palmer at BTIG Research
1/21/2016Deutsche Bank AktiengesellschaftInitiated CoverageHold$38.00N/A
i
1/13/2016The Goldman Sachs GroupLower Price Target$50.00 ➝ $47.00N/A
i
Rating by Eric Beardsley at The Goldman Sachs Group, Inc.
1/5/2016OppenheimerBoost Price TargetOutperform$54.00 ➝ $57.00N/A
i
12/18/2015JMP SecuritiesInitiated CoverageOutperform$53.00N/A
i
(Data available from 11/25/2015 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: $35.47
$35.15
$36.02

50 Day Range

MA: $28.82
$19.10
$35.40

52 Week Range

Now: $35.47
$12.02
$48.96

Volume

1,311,591 shs

Average Volume

2,412,362 shs

Market Capitalization

$3.49 billion

P/E Ratio

N/A

Dividend Yield

4.03%

Beta

1.63