CIT Investment Analysis Report & Stock Research, CIT Group, Inc.

CIT Group, Inc. (CIT)

CIT Stock Report

2-Year Price History

View Larger CIT Chart
NYSE:CIT
$31.12
(2/9 3:14PM)
+1.7%
Open$30.81 Mkt Cap$12.1 Billion
High$32.05 52Wk High$35.00
Low$30.25 52Wk Low$24.83
Volume1.5 Million Avg Vol 10D2.4 Million

Ockham's Rating/Recommendation Summary

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CIT Revenue

Unfortunately, we do not have reliable fundamental data available for CIT at this time. Coverage will resume as reliable data becomes available.

CIT Cash Earnings

Price to Cash Earnings analysis is inappropriate for this company due to an insufficient positive cash earnings history. Rather than calculating a potentially misleading Price to Cash Earnings analysis, we have chosen to give CIT a neutral Price to Cash Earnings outlook at this time. However, we should point out that this metric is a significant element in Ockham’s methodology to analyzing the outlook for any company. Therefore, for CIT, our assessment is now more dependent on the Price to Sales analysis, and investors should be cautious with a company with very limited, if any, positive cash earnings.

CIT Dividends

A strong dividend payment history is looked upon as a favorable characteristic on a company’s future and potentially can receive a positive Ockham rating. That being said, we don't require dividend payments for company's whose management has elected to forgo them entirely. Although they may currently pay a dividend, our data source has no historical record of it for CIT. Since we cannot apply our historical trend analysis to dividends for CIT we have a neutral score for the dividend portion of our analysis.

Peer Comparison

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CIT Group, Inc. Industry Grouping

(2/8/2010)
Company Ticker Market Cap (Ml) Latest
Price
Price/Cash Earnings Price/Sales 5-Yr. Rev.
Growth Rate
5-Yr.
Avg. ROE.
Current 10-Yr. Range* Current 10-Yr. Range*
Peer Company Averages (not including CIT) 42.63 9.79 » 71.47 3.74 1.15 » 6.83 24.30% 15.84%
*10 year range does not include current year values
T. Rowe Price Group, Inc. TROW $12.5 Billion $48.13 41.42 12.67 » 47.02 6.83 2.02 » 8.72 15.63% 21.34%
Brookfield Asset Management, Inc. BAM $11.9 Billion $20.89 6.86 3.63 » 50.27 1.38 0.57 » 5.93 25.75% 20.66%
BlackRock, Inc. BLK $10.4 Billion $204.66 43.14 14.11 » 58.26 5.91 1.60 » 8.68 48.94% 12.42%
TD Ameritrade Holding Corp. AMTD $9.9 Billion $16.78 15.42 8.50 » 41.40 4.11 1.41 » 7.88 21.30% 25.68%
Ameriprise Financial, Inc. AMP $9.5 Billion $37.23 102.51 13.87 » 108.11 1.22 0.36 » 1.82 n/a 7.76%
Invesco Limited IVZ $7.9 Billion $18.32 46.45 5.96 » 123.79 3.03 0.96 » 7.98 9.88% 7.20%
VALUATION RATING
Ockham's Rating
Ockham's CIT Rating: NotSet
CROWD SENTIMENT:
Caps Rating
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Key Fundamentals

CIT - CIT Group, Inc. Fundamentals
Price (2/9 3:14PM) $31.12
Volume (2/9 3:14PM) 1.5 Million
Last Close Price $30.61
10 Day Average Volume 2.4 Million
13 Week Price Range $24.83 - $35.00
52 Week Price Range $24.83 - $35.00
LTM Revenue $4.4 Billion
 
Shares Outstanding (12/2008) 404.7 Million
Market Capitalization $12.1 Billion
Shares Held By Institutions
Institutional Holders
% Shares Held By Institutions %
Earnings Per Share (EPS) ($11.06)
P/E Ratio n/a
Book Value Per Share $4.76
 
Gross Margin n/a%
Annual Dividend 0.00
Dividend Yield 0.00%
Beta n/a
Fiscal Year Ends December

About CIT Group, Inc.

CIT Group, Inc. is considered to operate in the Financial sector. They specifically operate in the Credit Services business segment contained within the Financial Services industry.

A bank holding Company which through its subsidiary, provides financing and leasing capital for companies and consumers in a number of industries, offering vendor, equipment, commercial, factoring, student.