The company in question is, CIT Group Inc. (NYSE:CIT) currently with a stock price of 36.22 (0.95% today). The market cap for CIT Group Inc. is 7143.35, and is in the sector Financial, and Credit Services industry. The target price for CIT Group Inc. is 39.93. Currently CIT Group Inc. is trading with a P/E of 5.95, and a forward P/E of 10.16. Average volume for CIT Group Inc. is 1629.2 and so far today it is 934943.
Performance in the last year for CIT Group Inc. has been -10.66%. For EPS growth, CIT Group Inc. has seen a growth of 0.70%, and is looking to grow in the next year to 51.74%. More long term stats show that EPS growth has been 17.10% over the last five years and could be -12.38% for the next five years. CIT Group Inc. has seen sales growth quarter over quarter at 74.50%, with EPS growth quarter over quarter at 35.80%. The 20-day simple moving average is 1.35%, with the 200-day simple moving average coming to 9.68%.
Since the IPO date for CIT Group Inc. on the 12/10/2009, CIT Group Inc. has seen performance year to date to be -8.31%. With CIT Group Inc. trading at 36.22, the dividend yield is 1.67%, and the EPS is 6.03.
So could CIT Group Inc., be undervalued? Well as said before P/E is 5.95. The PEG is *TBA, P/S is 3.68 and the P/B is at 0.65. The P/cash is 0.79, with P/free cash flow at *TBA.
CIT Group Inc. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 1.31, and total debt/equity at 1.57.
In terms of margins, CIT Group Inc. has a gross margin of *TBA, an operating margin of 29.30% and a profit margin of 51.50%.Payout ratio for CIT Group Inc. is 11.60%. Return on assets come to 1.50% with return on investment coming to 2.50%.
Insider ownership for CIT Group Inc., is at 0.20% and institutional ownership comes to 100.00%. Outstanding shares are at 199.09. While shares float is 197.63. The float short is currently 4.27%, and short ratio is 5.18.