CIT Group Inc. (CIT)

Check out top investors' recommendation for CIT
Last closing price (N/A)
(0.00%) ? 
Last closing price is the stock price upon last market close (date specified in parenthesis).
Return to date (1m/3m/6m/12m):
N/A ? 
Return to date is the stock return for the specified period of time.
Consensus price target (1m/3m/6m/12m):
54.67
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Consensus price target is the average analyst price target for a specified period of time.
Buy/Sell Mix (1m/3m/6m/12m):
100%/0%
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Buy/sell mix the percentage mix between Buy and Sell recommendations for a given company or a research firm. Hold recommendations are excluded.
Description:
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, as well as deposit products and savings accounts. The company operates through five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies across various industries, including commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and North American rail car industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of local and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivable management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, and product resellers to deliver financing and leasing solutions to end-user customers. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management, credit protection, financial risk management, import and export financing, letters of credit, insurance, and mergers and acquisition advisory, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is based in New York, New York.
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Analyst
An analyst is a professional research analyst or an Investor Wand user who issued a recommendation for a given company.
Research Firm
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Signal
Signal is a recommendation issued by an analyst. Investor Wand considers two types of recommendations: BUY and SELL.
Signal Date
A signal date is a date when a BUY or SELL recommendation was issued for given security.
Initial Price
Initial Price is the first closing price for a specified company upon recommendation release. If the recommendation is issued in after-market hours, the Initial Price is the next day’s closing price (for a given symbol). In case of dividend distributions and stock splits, Initial Price is adjusted.
Price Target
A Price Target is an analyst’s projection of a company’s stock price by the end of the recommendation period. It represents the price at which the analyst would exit his or her existing position.
Closing Date
Closing Date is the expiration date of a recommendation. The validity timeframe of a professional analyst’s recommendation is 12 months. Investor Wand analysts can set their recommendation timeframe to one, three, six, or 12 months.
Return
The return on a single open recommendation is calculated as the maximum of the current return (based on the latest closing price) and the target price return, if the symbol reached the target. The return on a single closed recommendation is calculated as the maximum of the return on the closing date (at the end of recommendation timeframe) and the target price return, if the stock hit the target price. The return is adjusted for one-time events (e.g., stock splits).
Chris Kotowski Oppenheimer & Co. Buy   Aug 11, '17     54.00  Aug 11, '18  N/A 
Mark Palmer BTIG Buy   Jul 25, '17     57.00  Jul 25, '18  N/A 
Chris Kotowski Oppenheimer & Co. Buy   Jul 11, '17     53.00  Jul 11, '18  N/A 
Chris Kotowski Oppenheimer & Co. Buy   Jan 31, '17       Jan 31, '18  N/A 
Chris Kotowski Oppenheimer & Co. Buy   Oct 28, '16     50.00  Oct 28, '17  N/A 
Mark Palmer BTIG Buy   Aug 17, '16     52.00  Aug 17, '17  N/A 
Kenneth Bruce BofA Merrill Lynch Sell   Apr 29, '16       Apr 29, '17  N/A 
David Hilder Drexel Hamilton Buy   Mar 08, '16   31.78  54.00  Mar 08, '17  33.17% 
Chris Kotowski Oppenheimer & Co. Buy   Feb 02, '16   27.19  50.00  Feb 02, '17  49.80% 
Mark Palmer BTIG Buy   Jan 26, '16   29.02  56.00  Jan 26, '17  49.10% 
Chris Brendler Stifel Nicolaus & Company, Inc. Buy   Nov 09, '15   41.60  50.00  Nov 09, '16  -12.76% 
Mark Palmer BTIG Buy   Oct 22, '15   45.32  56.00  Oct 22, '16  -20.76% 
Chris Kotowski Oppenheimer & Co. Buy   Oct 06, '15   41.43  51.00  Oct 06, '16  -12.48% 
Chris Brendler Stifel Nicolaus & Company, Inc. Buy   Jul 22, '15   47.70  52.00  Jul 22, '16  -27.02% 
Chris Kotowski Oppenheimer & Co. Buy   Jul 23, '14   47.86  53.00  Jul 23, '15  1.36% 
Donald Fandetti Citi Sell   Jul 09, '14   44.54    Jul 09, '15  -4.47% 
Sameer Gokhale Janney Capital Markets Buy   Nov 04, '13   47.69  55.00  Nov 04, '14  2.37% 
Henry Coffey Sterne, Agee & Leach Buy   Oct 23, '13   48.53  60.00  Oct 23, '14  -6.02% 
Sameer Gokhale Janney Capital Markets Buy   Sep 30, '13   48.30  58.00  Sep 30, '14  -4.58% 
Daniel Furtado Jefferies & Co. Buy   Sep 24, '13   47.29    Sep 24, '14  -1.95% 
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