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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 3,914 staff and has a trailing 12-month revenue of around 0.00.
|Latest market close||$52.57|
|52-week range||$25.75 - $56.62|
|50-day moving average||$52.80|
|200-day moving average||$51.90|
|Wall St. target price||$52.40|
|Dividend yield||$1.4 (2.65%)|
|Earnings per share (TTM)||$6.00|
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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.
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.
|1 week (2021-10-14)||-0.40%|
|1 month (2021-09-21)||5.39%|
|3 months (2021-07-21)||9.13%|
|6 months (2021-04-21)||0.17%|
|1 year (2020-10-21)||88.56%|
|2 years (2019-10-21)||15.29%|
|3 years (2018-10-19)||8.73%|
|5 years (2016-10-21)||46.39%|
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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, CIT Group shares trade at around 9x 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 "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.
|Revenue TTM||$2.7 billion|
|Operating margin TTM||38.98%|
|Gross profit TTM||$1.6 billion|
|Return on assets TTM||1.07%|
|Return on equity TTM||10.62%|
|Market capitalisation||$5.2 billion|
TTM: trailing 12 months
There are currently 5.1 million CIT Group shares held short by investors – that's known as CIT Group's "short interest". This figure is 3.4% up from 4.9 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) is the quantity of CIT Group shares currently shorted divided by the average quantity of CIT Group shares traded daily (recently around 573035.37414966). CIT Group's SIR currently stands at 8.82. In other words for every 100,000 CIT Group shares traded daily on the market, roughly 8820 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 0.0514% of the tradable shares (for every 100,000 tradable CIT Group shares, roughly 51 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly 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.
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.
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.).
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.
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.
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.
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.
|Total ESG score||31.21|
|Total ESG percentile||44.34|
|Environmental score percentile||6|
|Social score percentile||6|
|Governance score percentile||6|
|Level of controversy||3|
Dividend payout ratio: 23.41% of net profits
Recently CIT Group has paid out, on average, around 23.41% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.66% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), CIT Group shareholders could enjoy a 2.66% return on their shares, in the form of dividend payments. In CIT Group's case, that would currently equate to about $1.4 per share.
While CIT Group's payout ratio might seem low, this can signify that CIT Group is investing more in its future growth.
CIT Group's most recent dividend payout was on 12 August 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 July 2021 (the "ex-dividend date").
Over the last 12 months, CIT Group's shares have ranged in value from as little as $25.7494 up to $56.62. A popular way to gauge a stock's volatility is its "beta".
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 1.5497. 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 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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