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How to buy CIT Group stock | $35.4

Own CIT Group stock in just a few minutes.

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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 4,260 staff and has a trailing 12-month revenue of around USD$1.5 billion.

How to buy shares in CIT Group

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for CIT Group. Find the stock by name or ticker symbol: CIT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until CIT Group reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$35.4, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of CIT Group, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of CIT Group. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect 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 2020-10-20.
Latest market close USD$35.4
52-week range USD$12.02 - USD$48.96
50-day moving average USD$18.7847
200-day moving average USD$19.3134
Wall St. target price USD$26.44
PE ratio 3.2751
Dividend yield USD$1.4 (7.09%)
Earnings per share (TTM) USD$4.75

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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.

CIT Group price performance over time

Historical closes compared with the close of $35.4 from 2020-11-16

1 week (2020-11-25) 1.17%
1 month (2020-11-06) 10.73%
3 months (2020-09-04) 73.36%
6 months (2020-06-04) 51.93%
1 year (2019-12-04) -19.44%
2 years (2018-12-04) -20.95%
3 years (2017-12-04) -30.00%
5 years (2015-12-04) -17.81%

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 3x. In other words, CIT Group shares trade at around 3x 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 USD$1.5 billion
Gross profit TTM USD$2.2 billion
Return on assets TTM -0.88%
Return on equity TTM -8.36%
Profit margin -32.39%
Book value $53.174
Market capitalisation USD$2.6 billion

TTM: trailing 12 months

Shorting CIT Group shares

There are currently 6.1 million CIT Group shares held short by investors – that's known as CIT Group's "short interest". This figure is 1.6% up from 6.0 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 1.6 million). CIT Group's SIR currently stands at 3.77. In other words for every 100,000 CIT Group shares traded daily on the market, roughly 3770 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 0.06% of the outstanding shares (for every 100,000 CIT Group shares in existence, roughly 60 shares are currently held short) or 0.0798% of the tradable shares (for every 100,000 tradable CIT Group shares, roughly 80 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 10/01/2020) 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: 2020-10-01.

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 $12.02 up to $48.96. A popular way to gauge a stock's volatility is its "beta".

CIT.US volatility(beta: 1.84)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 1.8411. 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. 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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