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How to buy CIT Group (CIT) stocks in Canada

Learn how to easily invest in CIT Group stocks.

CIT Group is a banks-regional business based in the US. CIT Group stocks (CIT.US) are listed on the NYSE and all prices are listed in US Dollars. CIT Group employs 3,812 staff and has a trailing 12-month revenue of around $2.8 billion.

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 stock price (NYSE:CIT)

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

CIT Group shares at a glance

Information last updated 2022-01-17.
52-week range$34.51 - $56.21
50-day moving average $50.58
200-day moving average $51.59
Wall St. target price$52.67
PE ratio 7.775
Dividend yield $1.4 (2.62%)
Earnings per share (TTM) $6.88

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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.

CIT Group price performance over time

Historical closes compared with the close of $N/A from 2022-01-19

1 week (2022-01-09) N/A
1 month (2021-12-20) -100.00%
3 months (2021-10-20) -100.00%
6 months (2021-07-20) -100.00%
1 year (2021-01-20) -100.00%
2 years (2020-01-17) -100.00%
3 years (2019-01-18) -100.00%
5 years (2017-01-20) -100.00%

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 8x. In other words, CIT Group shares trade at around 8x 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 $2.8 billion
Operating margin TTM 41.4%
Gross profit TTM $1.6 billion
Return on assets TTM 1.24%
Return on equity TTM 11.98%
Profit margin 25.8%
Book value $56.97
Market capitalisation $5.3 billion

TTM: trailing 12 months

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 01/01/2019) 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.

CIT Group share dividends

20%

Dividend payout ratio: 20.41% of net profits

Recently CIT Group has paid out, on average, around 20.41% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.62% 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 2.62% 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 November 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 October 2021 (the "ex-dividend date").

CIT Group share price volatility

Over the last 12 months, CIT Group's shares have ranged in value from as little as $34.5075 up to $56.2146. A popular way to gauge a stock's volatility is its "beta".

CIT.US volatility(beta: 1.47)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 1.4717. 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.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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