CIT Group Inc (DEL) (CIT) : Traders are bullish on CIT Group Inc (DEL) (CIT) as it has outperformed the S&P 500 by a wide margin of 3.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.11% in the last 1 week, and is up 3.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.52% and the fifty day Moving Average is 7.13%. CIT Group Inc. is up 6.11% in the last three month period. Year-to-Date the stock performance stands at -8.36%.
CIT Group Inc (DEL) (CIT) : The consensus price target for CIT Group Inc (DEL) (CIT) is $44 for the short term with a standard deviation of $10.23. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $33.
CIT Group Inc (DEL) (NYSE:CIT): On Fridays trading session , Opening price of the stock was $36 with an intraday high of $36.305. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $35.55. However, the stock managed to close at $35.86, a loss of 0.22% for the day. On the previous day, the stock had closed at $35.94. The total traded volume of the day was 1,399,678 shares.
CIT Group Inc. is a bank holding company (BHC), which provides financing, leasing and advisory services principally to middle market companies. The Company operates in two segments: Transportation and International Finance (TIF), provider of leasing and financing solutions to operators and suppliers in the global aviation and railcar industries, and North American Commercial Finance (NACF)., which consists of four divisions: Commercial Services, Corporate Finance, Equipment Finance and Real Estate Finance. Commercial Services provides factoring, receivable management products, and secured financing to businesses. Corporate Finance provides a range of financing options and offers advisory services to small and medium size companies. Equipment Finance provides leasing and equipment loan solutions to small businesses and middle market companies. Real Estate Finance provides senior secured commercial real estate loans to developers and other commercial real estate professionals.