CIT

CIT Group Inc. [CIT] Stock Forecast

Q: What is CIT Group Inc. stock symbol ?

CIT Group Inc. is a US stock, located in Livingston of New jersey and trading under the symbol CIT

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CIT Stock Summary

CIT has more than 2 years of cash runway (26 months)

Earnings are expected to fall -100% next year

EPS has been decreasing for the past 3 quarters (Quarter statements)

In the News

CIT Financial details

Company Rating

Buy

Market Cap

Income

714.8M

Revenue

2.41B

Book val./share

62.26

Cash/share

101.5

Dividend

Dividend %

Employees

3.81K

Optionable

Shortable

Yes

Earnings

24 Jan 2022

P/E

-8.56

Forward P/E

PEG

-2.66

P/S

P/B

0.92

P/C

0.53

P/FCF

Quick Ratio

149.59

Current Ratio

483.16

Debt / Equity

0.73

LT Debt / Equity

0.73

EPS (TTM)

7.22

EPS next Y

EPS next Q

EPS this Y

-214.47%

EPS next Y

EPS next 5Y

EPS last 5Y

47.34%

Revenue last 5Y

-0.01%

Revenue Q/Q

-6.67%

EPS Q/Q

-22.71%

SMA20

SMA50

SMA100

Inst Own

100.69%

Inst Trans

1.05%

ROA

-1%

ROE

-10%

ROC

Gross Margin

100%

Oper. Margin

Profit Margin

-26%

Payout

-28%

Shs Outstand

Shs Float

Target Price

52W Range

51.4-54.325

52W High

-0.93%

52W Low

+4.9%

RSI

Rel Volume

25.11

Avg Volume

1.31M

Volume

32.81M

Perf Week

Perf Month

Perf Quarter

Perf Half Y

Beta

1.47169

Volatility

0%, 0%

Prev Close

Price

53.5

Change

4.09%

CIT Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2020-12-31

Metric	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	11.52	15.27	19.98	23.39	23.62
Net income per share	-0.9	1.6	3.97	5.46	-6.25
Operating cash flow per share	11.73	3.2	8.27	9.57	4.88
Free cash flow per share	2.48	-1.69	2.75	1.23	-5.47
Cash per share	30.48	47.83	64.82	80.68	108.13
Book value per share	49.56	45.1	50.07	65.4	58.16
Tangible book value per share	45.46	42.13	46.2	60.91	56.79
Share holders equity per share	49.56	45.1	50.07	65.4	58.16
Interest debt per share	77.72	59.72	75.22	79.12	69.31
Market cap	8.61B	7.99B	4.55B	4.42B	3.53B
Enterprise value	17.4B	15.37B	10.9B	9.33B	5.65B
P/E ratio	-47.18	30.8	9.63	8.35	-5.74
Price to sales ratio	3.7	3.22	1.92	1.95	1.52
POCF ratio	3.64	15.37	4.63	4.77	7.35
PFCF ratio	17.23	-29.21	13.91	37.07	-6.56
P/B Ratio	0.86	1.09	0.76	0.7	0.62
PTB ratio	0.86	1.09	0.76	0.7	0.62
EV to sales	7.48	6.2	4.59	4.12	2.43
Enterprise value over EBITDA	21.51	10.17	6.27	4.95	15.82
EV to operating cash flow	7.35	29.57	11.09	10.06	11.77
EV to free cash flow	34.79	-56.2	33.33	78.21	-10.5
Earnings yield	-0.02	0.03	0.1	0.12	-0.17
Free cash flow yield	0.06	-0.03	0.07	0.03	-0.15
Debt to equity	1.49	1.23	1.37	1.06	1.06
Debt to assets	0.23	0.18	0.17	0.13	0.1
Net debt to EBITDA	10.86	4.89	3.65	2.6	5.93
Current ratio	281.21	409.06	377.78	390.4	483.16
Interest coverage	0.14	1.56	1.75	1.66	0.04
Income quality	-2.79	1.11	2.2	1.75	-0.78
Dividend Yield	0.01	0.01	0.03	0.03	0.05
Payout ratio	-0.67	0.44	0.25	0.28	-0.28
Sales general and administrative to revenue	0.35	0.31	0.32	0.33	0.38
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.01	0.01	0.01	0.01	0
Capex to operating cash flow	-0.79	-1.53	-0.67	-0.87	-2.12
Capex to revenue	-0.8	-0.32	-0.28	-0.36	-0.44
Capex to depreciation	-2.67	-2.02	-2.11	-2.62	-3.11
Stock based compensation to revenue	0	0	0.02	0.02	0.01
Graham number	31.76	40.28	66.91	89.66	90.45
ROIC	-0.04	0.09	0.08	0.1	0
Return on tangible assets	0	0.01	0.01	0.01	-0.01
Graham Net	-224.72	-196.24	-276.82	-359.53	-404.74
Working capital	50.77B	35.34B	34.55B	36.17B	42.53B
Tangible asset value	9.18B	6.84B	5.49B	5.9B	5.59B
Net current asset value	-3.21B	-6.53B	-7.95B	-8.23B	-9.77B
Invested capital	1.49	1.23	1.37	1.06	1.06
Average receivables	4.43B	3.34B	2.91B	2.56B	2.49B
Average payables	195.4M	133.9M	89.15M	92.3M	90.55M
Average inventory	0	0	0	0	0
Days sales outstanding	555.85	461.39	412.66	392.36	400.85
Days payables outstanding	0	0	0	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	0.66	0.79	0.88	0.93	0.91
Payables turnover	0	0	0	0	0
Inventory turnover	0	0	0	0	0
ROE	-0.02	0.04	0.08	0.08	-0.11
Capex per share	-9.25	-4.89	-5.52	-8.34	-10.35

Quarterly Fundamentals Overview

Last date of statement is 2021-09-30 for Q3

Metric	2020-09-30	2020-12-31	2021-03-31	2021-06-30	2021-09-30
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	5.9	6.2	6.73	5.91	5.52
Net income per share	0.87	0.09	3.07	2.29	1.77
Operating cash flow per share	3.37	2.8	2.77	1.86	1.9
Free cash flow per share	1.62	1.17	1.82	0.03	-0.87
Cash per share	132.25	107.95	101.59	103.82	101.5
Book value per share	58.5	58.06	58.86	60.9	62.26
Tangible book value per share	55.62	56.69	57.58	59.71	62.26
Share holders equity per share	58.5	58.06	58.86	60.9	62.26
Interest debt per share	78.33	63.17	52.64	46.89	46.78
Market cap	1.74B	3.54B	5.09B	5.11B	5.15B
Enterprise value	2.62B	5.66B	4.87B	4.45B	5.18B
P/E ratio	5.09	102.87	4.19	5.63	7.34
Price to sales ratio	3	5.79	7.65	8.72	9.42
POCF ratio	5.25	12.83	18.57	27.73	27.29
PFCF ratio	10.93	30.77	28.28	1.76K	-59.56
P/B Ratio	0.3	0.62	0.88	0.85	0.83
PTB ratio	0.3	0.62	0.88	0.85	0.83
EV to sales	4.51	9.25	7.33	7.59	9.48
Enterprise value over EBITDA	7.21	21.63	8.06	9.11	12.37
EV to operating cash flow	7.89	20.51	17.77	24.11	27.45
EV to free cash flow	16.4	49.2	27.07	1.53K	-59.92
Earnings yield	0.05	0	0.06	0.04	0.03
Free cash flow yield	0.09	0.03	0.04	0	-0.02
Debt to equity	1.31	1.06	0.87	0.75	0.73
Debt to assets	0.12	0.1	0.09	0.08	0.08
Net debt to EBITDA	2.41	8.1	-0.36	-1.37	0.07
Current ratio	961.58	483.16	1.01K	514.18	975.9
Interest coverage	1.7	1.26	4.35	3.8	3.24
Income quality	3.88	32.08	0.9	0.81	1.08
Dividend Yield	0.02	0.01	0.01	0.01	0.01
Payout ratio	0.44	5.51	0.12	0.21	0.22
Sales general and administrative to revenue	0.37	0.35	0.31	0.33	0.36
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0	0	0	0	0
Capex to operating cash flow	-0.52	-0.58	-0.34	-0.98	-1.46
Capex to revenue	-0.3	-0.26	-0.14	-0.31	-0.5
Capex to depreciation	-2.09	-1.88	-1.11	-2.19	-3.24
Stock based compensation to revenue	-0.01	0.01	0.03	0.01	0.01
Graham number	33.84	10.68	63.81	56.01	49.79
ROIC	0.02	0	0.04	0.03	0.02
Return on tangible assets	0	0	0.01	0	0
Graham Net	-407.5	-404.06	-388.23	-369.34	-367.64
Working capital	45.53B	42.53B	42.56B	40.64B	39.78B
Tangible asset value	5.48B	5.59B	5.69B	5.92B	6.17B
Net current asset value	-9.52B	-9.77B	-7.63B	-7.95B	-8.43B
Invested capital	1.31	1.06	0.87	0.75	0.73
Average receivables	2.61B	2.56B	2.5B	2.4B	2.33B
Average payables	68.7M	67.8M	65.2M	60.7M	60M
Average inventory	0	0	0	0	0
Days sales outstanding	397.3	375.79	330.76	363.07	377.59
Days payables outstanding	0	0	0	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	0.23	0.24	0.27	0.25	0.24
Payables turnover	0	0	0	0	0
Inventory turnover	0	0	0	0	0
ROE	0.01	0	0.05	0.04	0.03
Capex per share	-1.75	-1.63	-0.95	-1.83	-2.78

CIT Frequently Asked Questions

What is CIT Group Inc. stock symbol ?

CIT Group Inc. is a US stock , located in Livingston of New jersey and trading under the symbol CIT

What is CIT Group Inc. stock quote today ?

CIT Group Inc. stock price is $53.5 today.

Is CIT Group Inc. stock public?

Yes, CIT Group Inc. is a publicly traded company.

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Company Profile

Volume Average 1.31M
Employee 3.81K
CEO Ms. Ellen Alemany
Headquarters Livingston,NEW JERSEY,US
IPO Date 2002-07-01
Website https://www.cit.com

CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.