Aug. 13, 2019 Price forecast | 2 weeks: 1.47% | 1 month: 1.69% | 3 months: 1.99%


CIT stock forecast

Our latest prediction for CIT Group, Inc.'s stock price was made on the Aug. 13, 2019 when the stock price was at 42.88$.

In the short term (2weeks), CIT's stock price should outperform the market by 1.47%. During that period the price should oscillate between -3.57% and +5.95%.

In the medium term (3months), CIT's stock price should outperform the market by 1.99%. During that period the price should oscillate between -7.08% and +12.19%.


About CIT Group, Inc.

CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Non-Strategic Portfolios Corporate and Other. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Non-Strategic Portfolios Corporate and Other segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.

At the moment the company generates 2313M USD in revenues.

On its last earning announcement, the company reported a profit of 4.80$ per share.

The book value per share is 54.81$

CIT Group, Inc. website


Three months stock forecastAug. 13, 2019


Financials

Revenue USD Gross Margin Operating Income Operating Margin Net Income Earnings Per Share Dividends Payout Ratio Shares Book Value Per Share Operating Cash Flow Cap Spending Free Cash Flow
2313M - - - 491M 4.80 1.20 22.70% 99M 54.81 709M -636M 73M