Is CIT Group Inc stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
Yes, CIT Group Inc pays dividends. Last time was Thursday 1st of January 1970 where the investors holding the stock on Monday 29th of November 2021 were paid $0.35156 per share. Over the last 8 times between 2020 and 2021, CIT Group Inc has paid $2.93592 with an average of $0.37 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for CIT Group Inc 10 years ago, but if you had invested on Monday 31st of January 2022 when the price was $26.70, you would have made a loss of $0.000 per share or 0.00%
No, the average daily trading liquidity for CIT Group Inc is $14 177 thousand. Trading in stocks with this little trading liquidity is very dangerous, and you can get into a situation where it will be hard to trade your stocks. In addition, these types of stocks usually have very high volatility.
CIT Group Inc has a normal ratio of the business financed by loans. This puts the company at some risk in periods of high inflation where borrowing costs usually go up. With a low cash flow to debt ratio of 0.08, the company's ability to pay off the debt is limited. The company is still not profitable, and high inflation will make it harder to become profitable as costs increase and consumer spending decreases.
We have calculated the inflation risk for CIT Group Inc to be high [0.85 of 1]
US inflation for August 2024 was 0.19%. Over the last 12 months, the US inflation is 2.59%. The 10-year treasury yield that indicates the future interest level is currently 4.41 and is up 0.05 over the last 30 days.