PNC Financial The bank reported Wednesday first-quarter earnings of $811 million, or $1.44 a share, up from year-earlier earnings of $493 million, or 85 cents. "We reiterate our Buy rating on PNC post 1Q12 earnings," Bank of America Merrill Lynch analysts wrote in a report Wednesday. "Shares of PNC have underperformed the BKX by 12pp YTD. However, we expect this trend to reverse as the market doesn't seem to appreciate: 1) positive momentum from legacy PNC, with commercial loans up 15% sequential annualized ex. RBC; 2) solid EPS accretion from the RBC deal; and 3) that PNC is likely on the sidelines in the M&A arena for the next 12-18mos as it rebuilds Basel III capital ratios." Shares of PNC Financial hit a 52-week high of $64.99 on Friday. The stock's 52-week low of $42.70 was set on Aug. 23. PNC Financial's forward P/E is 9.51; the average among its peers is 10.73. For comparison, Bank of New York Mellon ( BK) has a lower forward P/E of 9.2. Twenty-three of the 28 analysts who cover PNC Financial rated it buy. Four analysts gave the stock a hold rating and one rated it sell. TheStreet Ratings gives PNC Financial a B+ grade with a buy rating and $73.24 price target. The stock has risen 12.95% year to date.
Estee Lauder "Given powerful global brand equity, leading market positions in the prestige beauty category, and rising market shares across key business segments, we believe shares of EL should trade relatively in line to other large-cap comparables, such as Colgate-Palmolive and Procter & Gamble," Wedbush analysts wrote in an April 16 report. Shares of Estee Lauder hit a 52-week high Friday of $64.66. The stock's 52-week low of $40.76 was set on Oct. 4. Estee Lauder's forward P/E is 24.82; the average for personal products is 16.09. For comparison, Avon Products ( AVP) has a lower forward P/E of 13.15. Analysts were split on Estee Lauder with 10 giving the stock a buy rating and another 10 rating it hold. TheStreet Ratings gives Estee Lauder an A+ grade with a buy rating and $81.91 price target. The stock has risen 14.64% year to date.