CIT Group Inc (CIT) Forecast, Price Target & Analyst Ratings

NYSE:CIT

53.5
+2.16 (+4.21%)
At close: Jan 3, 2022
53.82
+0.32 (+0.6%)
After Hours: 1/3/2022, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CIT Group Inc (CIT).

Forecast Snapshot

Consensus Price Target

Price Target
$53.65
+ 0.28% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release DateFeb 1, 2022
PeriodQ4 / 2021
EPS Estimate$0.96
Revenue Estimate450.965M
 → Full earnings forecast details

ChartMill Buy Consensus

Rating
49.09%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$53.65
Upside
+ 0.28%
From current price of $53.50 to mean target of $53.65, Based on 11 analyst forecasts
Low
$46.46
Median
$53.04
High
$65.10

Price Target Revisions

1 Month
N/A
3 Months
N/A

Price Target Summary

11 Wall Street analysts provided a forecast for the next 12 months for CIT. The average price target is 53.65 null. This implies a price increase of 0.28% is expected in the next year compared to the current price of 53.5.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CIT Current Analyst RatingCIT Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4 5

Analyst Ratings History

CIT Historical Analyst RatingsCIT Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
49.09%
CIT was analyzed by 11 analysts. The buy percentage consensus is at 49. So analysts seem to be rather neutral about CIT.
In the previous month the buy percentage consensus was at a similar level.
CIT was analyzed by 11 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2021-04-20Keefe, Bruyette & WoodsUpgrade Market Perform -> Outperform

Next Earnings Forecast Details

Next Earnings Details

Release DateFeb 1, 2022
PeriodQ4 / 2021
EPS Estimate$0.96
Revenue Estimate450.965M
Revenue Q2Q-29.07%
EPS Q2Q2,495.22%
Number of Analysts7

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
N/A
EPS (3 Months)
N/A

Next Earnings Summary

CIT is expected to report earnings on 2/1/2022. The consensus EPS estimate for the next earnings is 0.96 null and the consensus revenue estimate is 450.96M null.
 → Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2018 2019 2020 2021 2022 2023 2024 2025
Revenue
YoY % growth
CIT revenue by date.CIT revenue by date.
2.458B
-1.26%		2.338B
-4.90%		2.417B
3.40%		1.932B
-20.06%		1.868B
-3.32%		2.096B
12.19%		2.167B
3.40%		2.263B
4.44%
EBITDA
YoY % growth
CIT ebitda by date.CIT ebitda by date.
N/AN/AN/AN/AN/AN/AN/AN/A
EBIT
YoY % growth
CIT ebit by date.CIT ebit by date.
N/AN/AN/AN/AN/AN/AN/AN/A
Operating Margin
CIT operating margin by date.CIT operating margin by date.
N/AN/AN/AN/AN/AN/AN/AN/A
EPS
YoY % growth
CIT eps by date.CIT eps by date.
3.98
23.22%		5.07
27.39%		-3.08
-160.75%		7.98
359.06%		4.56
-42.79%		4.99
9.42%		4.12
-17.51%		3.43
-16.69%

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 21 Q1 / 22 Q2 / 22 Q3 / 22 Q4 / 22
EPS
Q2Q % growth		0.96
2,495.22%		1.16
-53.23%		1.09
-49.16%		1.22
-28.98%		1.10
14.75%
Revenue
Q2Q % growth		450.965M
-29.07%		472.68M
-31.80%		481.77M
-21.69%		496.92M
-12.47%		505M
11.98%
EBITDA
Q2Q % growth		N/AN/AN/AN/AN/A
EBIT
Q2Q % growth		N/AN/AN/AN/AN/A

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CIT Yearly Revenue VS EstimatesCIT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B
CIT Yearly EPS VS EstimatesCIT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
53.57%
EPS Next 5 Year
25.51%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
4.22%
Revenue Next 5 Year
4.10%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CIT Group Inc / CIT Forecast FAQ

What is the price target for CIT stock?

11 analysts have analysed CIT and the average price target is 53.65 null. This implies a price increase of 0.28% is expected in the next year compared to the current price of 53.5.


Can you provide the upcoming earnings date for CIT Group Inc?

CIT Group Inc (CIT) will report earnings on 2022-02-01, before the market open.


What are the consensus estimates for CIT Group Inc (CIT) next earnings?

The consensus EPS estimate for the next earnings of CIT Group Inc (CIT) is 0.96 null and the consensus revenue estimate is 450.96M null.


Can you provide the analyst count for CIT Group Inc stock?

The number of analysts covering CIT Group Inc (CIT) is 11.