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How to buy CIT Group stock

Own CIT Group stock in just a few minutes.

CIT Group Inc is a banks-regional business based in the US. CIT Group shares (CIT) are listed on the NYSE and all prices are listed in US Dollars. CIT Group employs 4,085 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in CIT Group

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – CIT – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

CIT Group share price

Use our graph to track the performance of CIT stocks over time.

CIT Group shares at a glance

Information last updated 2021-04-30.
52-week range$11.85 - $55.89
50-day moving average $51.95
200-day moving average $41.05
Wall St. target price$54.80
PE ratio 18.4247
Dividend yield $1.4 (2.62%)
Earnings per share (TTM) $2.86

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy CIT Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is CIT Group under- or over-valued?

Valuing CIT Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of CIT Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

CIT Group's P/E ratio

CIT Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 18x. In other words, CIT Group shares trade at around 18x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

CIT Group's PEG ratio

CIT Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.48. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into CIT Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

CIT Group financials

Revenue TTM $2.3 billion
Operating margin TTM 27.44%
Gross profit TTM $1.6 billion
Return on assets TTM 0.54%
Return on equity TTM 5.36%
Profit margin 13.52%
Book value $53.41
Market capitalisation $5.2 billion

TTM: trailing 12 months

Shorting CIT Group shares

There are currently 4.6 million CIT Group shares held short by investors – that's known as CIT Group's "short interest". This figure is 18.5% up from 3.9 million last month.

There are a few different ways that this level of interest in shorting CIT Group shares can be evaluated.

CIT Group's "short interest ratio" (SIR)

CIT Group's "short interest ratio" (SIR) is the quantity of CIT Group shares currently shorted divided by the average quantity of CIT Group shares traded daily (recently around 948391.09730849). CIT Group's SIR currently stands at 4.83. In other words for every 100,000 CIT Group shares traded daily on the market, roughly 4830 shares are currently held short.

However CIT Group's short interest can also be evaluated against the total number of CIT Group shares, or, against the total number of tradable CIT Group shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case CIT Group's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 CIT Group shares in existence, roughly 50 shares are currently held short) or 0.0601% of the tradable shares (for every 100,000 tradable CIT Group shares, roughly 60 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against CIT Group.

Find out more about how you can short CIT Group stock.

CIT Group's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like CIT Group.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

CIT Group's total ESG risk score

Total ESG risk: 31.21

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and CIT Group's overall score of 31.21 (as at 12/31/2018) is nothing to write home about – landing it in it in the 44th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like CIT Group is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

CIT Group's environmental score

Environmental score: 7.02/100

CIT Group's environmental score of 7.02 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that CIT Group is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

CIT Group's social score

Social score: 18.51/100

CIT Group's social score of 18.51 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that CIT Group is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

CIT Group's governance score

Governance score: 12.68/100

CIT Group's governance score puts it squarely in the 6th percentile of companies rated in the same sector. That could suggest that CIT Group is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

CIT Group's controversy score

Controversy score: 3/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. CIT Group scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that CIT Group hasn't always managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

CIT Group Inc was last rated for ESG on: 2019-01-01.

Total ESG score 31.21
Total ESG percentile 44.34
Environmental score 7.02
Environmental score percentile 6
Social score 18.51
Social score percentile 6
Governance score 12.68
Governance score percentile 6
Level of controversy 3

CIT Group share dividends

We're not expecting CIT Group to pay a dividend over the next 12 months.

CIT Group share price volatility

Over the last 12 months, CIT Group's shares have ranged in value from as little as $11.8473 up to $55.89. A popular way to gauge a stock's volatility is its "beta".

CIT.US volatility(beta: 1.57)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while CIT Group's is 1.567. This would suggest that CIT Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

CIT Group overview

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.

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