Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.40
CIT's Cash to Debt is ranked higher than
64% of the 1340 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.26 vs. CIT: 0.40 )
CIT' s 10-Year Cash to Debt Range
Min: 0.04   Max: No Debt
Current: 0.4

Equity to Asset 0.20
CIT's Equity to Asset is ranked higher than
96% of the 1732 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.09 vs. CIT: 0.20 )
CIT' s 10-Year Equity to Asset Range
Min: 0.07   Max: 0.2
Current: 0.2

0.07
0.2
Interest Coverage 0.68
CIT's Interest Coverage is ranked higher than
58% of the 1595 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.27 vs. CIT: 0.68 )
CIT' s 10-Year Interest Coverage Range
Min: 0.07   Max: 0.98
Current: 0.68

0.07
0.98
F-Score: 7
Z-Score: 0.37
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 29.15
CIT's Operating margin (%) is ranked higher than
75% of the 1755 Companies
in the Global Specialty Finance industry.

( Industry Median: 28.45 vs. CIT: 29.15 )
CIT' s 10-Year Operating margin (%) Range
Min: -309.57   Max: 37.87
Current: 29.15

-309.57
37.87
Net-margin (%) 28.02
CIT's Net-margin (%) is ranked higher than
86% of the 1762 Companies
in the Global Specialty Finance industry.

( Industry Median: 21.29 vs. CIT: 28.02 )
CIT' s 10-Year Net-margin (%) Range
Min: -174.64   Max: 28.19
Current: 28.02

-174.64
28.19
ROE (%) 8.05
CIT's ROE (%) is ranked higher than
76% of the 1768 Companies
in the Global Specialty Finance industry.

( Industry Median: 8.01 vs. CIT: 8.05 )
CIT' s 10-Year ROE (%) Range
Min: -140.79   Max: 13.63
Current: 8.05

-140.79
13.63
ROA (%) 1.57
CIT's ROA (%) is ranked higher than
94% of the 1768 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.75 vs. CIT: 1.57 )
CIT' s 10-Year ROA (%) Range
Min: -15.68   Max: 1.5
Current: 1.57

-15.68
1.5
ROC (Joel Greenblatt) (%) 4.88
CIT's ROC (Joel Greenblatt) (%) is ranked higher than
52% of the 1726 Companies
in the Global Specialty Finance industry.

( Industry Median: 68.75 vs. CIT: 4.88 )
CIT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -37.61   Max: 12.65
Current: 4.88

-37.61
12.65
Revenue Growth (%) -10.10
CIT's Revenue Growth (%) is ranked higher than
57% of the 1536 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.50 vs. CIT: -10.10 )
CIT' s 10-Year Revenue Growth (%) Range
Min: -45   Max: 18.5
Current: -10.1

-45
18.5
EBITDA Growth (%) 5.20
CIT's EBITDA Growth (%) is ranked higher than
72% of the 1385 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.90 vs. CIT: 5.20 )
CIT' s 10-Year EBITDA Growth (%) Range
Min: -51.9   Max: 54.2
Current: 5.2

-51.9
54.2
EPS Growth (%) 8.70
CIT's EPS Growth (%) is ranked higher than
74% of the 1355 Companies
in the Global Specialty Finance industry.

( Industry Median: 9.20 vs. CIT: 8.70 )
CIT' s 10-Year EPS Growth (%) Range
Min: -12.8   Max: 565.7
Current: 8.7

-12.8
565.7
» CIT's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

CIT Guru Trades in Q3 2013

Jim Simons 983,200 sh (+146.85%)
James Barrow 4,180,262 sh (+131.9%)
Ray Dalio 15,100 sh (+115.71%)
Louis Moore Bacon 700,000 sh (unchged)
Louis Moore Bacon 200,000 sh (unchged)
Michael Price 357,500 sh (unchged)
Larry Robbins Sold Out
John Keeley 276,310 sh (-1.05%)
First Pacific Advisors 2,351,200 sh (-9.22%)
Steven Romick 2,143,800 sh (-9.35%)
Pioneer Investments 603,480 sh (-24.96%)
Steven Cohen 14,297 sh (-93.23%)
» More
Q4 2013

CIT Guru Trades in Q4 2013

Chuck Royce 13,500 sh (New)
Joel Greenblatt 7,009 sh (New)
Julian Robertson 256,200 sh (New)
Steven Cohen 18,737 sh (+31.06%)
James Barrow 5,119,437 sh (+22.47%)
John Keeley 284,450 sh (+2.95%)
Jim Simons 997,900 sh (+1.5%)
First Pacific Advisors 2,356,500 sh (+0.23%)
Steven Romick 2,143,800 sh (unchged)
Michael Price 357,500 sh (unchged)
Louis Moore Bacon 550,000 sh (unchged)
Ray Dalio Sold Out
Pioneer Investments 596,232 sh (-1.2%)
Louis Moore Bacon 555,000 sh (-20.71%)
» More
Q1 2014

CIT Guru Trades in Q1 2014

Paul Tudor Jones 28,938 sh (New)
Steven Cohen 969,030 sh (+5071.75%)
Chuck Royce 18,200 sh (+34.81%)
Michael Price 455,000 sh (+27.27%)
James Barrow 6,310,273 sh (+23.26%)
Steven Romick 2,505,300 sh (+16.86%)
First Pacific Advisors 2,738,000 sh (+16.19%)
John Keeley 299,576 sh (+5.32%)
Louis Moore Bacon 750,000 sh (unchged)
Julian Robertson Sold Out
Joel Greenblatt Sold Out
Pioneer Investments 390,982 sh (-34.42%)
Jim Simons 487,000 sh (-51.2%)
Louis Moore Bacon 75,000 sh (-86.49%)
» More
Q2 2014

CIT Guru Trades in Q2 2014

HOTCHKIS & WILEY 1,185,040 sh (New)
Caxton Associates 50,000 sh (New)
Louis Moore Bacon 334,400 sh (+345.87%)
Paul Tudor Jones 37,017 sh (+27.92%)
Chuck Royce 22,500 sh (+23.63%)
James Barrow 6,717,003 sh (+6.45%)
Louis Moore Bacon 700,000 sh (unchged)
Michael Price 455,000 sh (unchged)
Pioneer Investments 371,925 sh (-4.87%)
Steven Romick 2,271,600 sh (-9.33%)
John Keeley 261,946 sh (-12.56%)
First Pacific Advisors 2,379,200 sh (-13.1%)
Jim Simons 86,300 sh (-82.28%)
» More
» Details

Insider Trades

Latest Guru Trades with CIT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Julian Robertson 2014-03-31 Sold Out 4.1%$45.46 - $52.15 $ 47.87-2%0
Michael Price 2014-03-31 Add 27.27%0.58%$45.46 - $52.15 $ 47.87-2%455000
James Barrow 2014-03-31 Add 23.26%0.08%$45.46 - $52.15 $ 47.87-2%6310273
Joel Greenblatt 2014-03-31 Sold Out 0.01%$45.46 - $52.15 $ 47.87-2%0
Julian Robertson 2013-12-31 New Buy4.1%$47.21 - $51.64 $ 47.87-4%256200
James Barrow 2013-12-31 Add 22.47%0.07%$47.21 - $51.64 $ 47.87-4%5119437
Ray Dalio 2013-12-31 Sold Out 0.01%$47.21 - $51.64 $ 47.87-4%0
Joel Greenblatt 2013-12-31 New Buy0.01%$47.21 - $51.64 $ 47.87-4%7009
James Barrow 2013-09-30 Add 131.9%0.19%$46.84 - $51.33 $ 47.87-3%4180262
Ray Dalio 2013-09-30 Add 115.71%$46.84 - $51.33 $ 47.87-3%15100
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on CIT Group Inc

KEELEY Mid Cap Dividend Value Fund Comments on CIT Group Inc - Jul 30, 2014

Although the Fund did not have any one company have a major impact on results during the quarter, CIT Group Inc. (CIT) was the top detractor after falling over 6 percent and costing the Fund 10 basis points in performance. Shares of the mid-market financing and leasing company dropped in late April after announcing earnings that were below expectations. The earnings miss was primarily due to lower interest income and a rise in provisions for credit losses. We continue to believe the company is well positioned in the current environment and their access to low-cost debt should foster future growth.

From John Keeley (Trades, Portfolio)’s KEELEY Mid Cap Dividend Value Fund Second Quarter 2014 Commentary.

Check out John Keeley latest stock trades

Top Ranked Articles about CIT Group Inc

KEELEY Mid Cap Dividend Value Fund Comments on CIT Group Inc
Although the Fund did not have any one company have a major impact on results during the quarter, CIT Group Inc. (CIT) was the top detractor after falling over 6 percent and costing the Fund 10 basis points in performance. Shares of the mid-market financing and leasing company dropped in late April after announcing earnings that were below expectations. The earnings miss was primarily due to lower interest income and a rise in provisions for credit losses. We continue to believe the company is well positioned in the current environment and their access to low-cost debt should foster future growth. Read more...
Morning Coffee: Widely Held Guru Stocks Near 52-Week Lows
This morning we are going to take a look at stocks that are widely held by the gurus and trading near their 52-week lows: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 13.60
CIT's P/E(ttm) is ranked higher than
75% of the 1578 Companies
in the Global Specialty Finance industry.

( Industry Median: 13.70 vs. CIT: 13.60 )
CIT' s 10-Year P/E(ttm) Range
Min: 4.04   Max: 540.91
Current: 13.6

4.04
540.91
P/B 1.10
CIT's P/B is ranked higher than
72% of the 1590 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. CIT: 1.10 )
CIT' s 10-Year P/B Range
Min: 0.65   Max: 1.19
Current: 1.1

0.65
1.19
P/S 3.90
CIT's P/S is ranked higher than
61% of the 1711 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.85 vs. CIT: 3.90 )
CIT' s 10-Year P/S Range
Min: 2.36   Max: 10.91
Current: 3.9

2.36
10.91
EV-to-EBIT 27.35
CIT's EV-to-EBIT is ranked higher than
66% of the 1906 Companies
in the Global Specialty Finance industry.

( Industry Median: 19.25 vs. CIT: 27.35 )
CIT' s 10-Year EV-to-EBIT Range
Min: 26.1   Max: 310.8
Current: 27.35

26.1
310.8
Shiller P/E 118.50
CIT's Shiller P/E is ranked lower than
51% of the 1093 Companies
in the Global Specialty Finance industry.

( Industry Median: 16.35 vs. CIT: 118.50 )
CIT' s 10-Year Shiller P/E Range
Min: 83.33   Max: 544.56
Current: 118.5

83.33
544.56

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.90
CIT's Dividend Yield is ranked lower than
84% of the 1484 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.38 vs. CIT: 0.90 )
CIT' s 10-Year Dividend Yield Range
Min: 0.19   Max: 0.69
Current: 0.9

0.19
0.69
Dividend Payout 0.09
CIT's Dividend Payout is ranked higher than
96% of the 1906 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.47 vs. CIT: 0.09 )
CIT' s 10-Year Dividend Payout Range
Min: 0.08   Max: 0.17
Current: 0.09

0.08
0.17
Yield on cost (5-Year) 0.90
CIT's Yield on cost (5-Year) is ranked lower than
81% of the 1497 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.67 vs. CIT: 0.90 )
CIT' s 10-Year Yield on cost (5-Year) Range
Min: 0.19   Max: 0.69
Current: 0.9

0.19
0.69
Share Buyback Rate -0.20
CIT's Share Buyback Rate is ranked higher than
85% of the 1291 Companies
in the Global Specialty Finance industry.

( Industry Median: -1.90 vs. CIT: -0.20 )
CIT' s 10-Year Share Buyback Rate Range
Min: 20.5   Max: -25.3
Current: -0.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.13
CIT's Price/Tangible Book is ranked higher than
79% of the 1906 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.44 vs. CIT: 1.13 )
CIT' s 10-Year Price/Tangible Book Range
Min: 0.7   Max: 1.23
Current: 1.13

0.7
1.23
Price/Median PS Value 0.94
CIT's Price/Median PS Value is ranked higher than
89% of the 1906 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.16 vs. CIT: 0.94 )
CIT' s 10-Year Price/Median PS Value Range
Min: 0.63   Max: 2.21
Current: 0.94

0.63
2.21
Price/Graham Number 0.85
CIT's Price/Graham Number is ranked higher than
75% of the 1409 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.93 vs. CIT: 0.85 )
CIT' s 10-Year Price/Graham Number Range
Min: 0.31   Max: 4.51
Current: 0.85

0.31
4.51
Earnings Yield (Greenblatt) 3.70
CIT's Earnings Yield (Greenblatt) is ranked higher than
57% of the 1603 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.90 vs. CIT: 3.70 )
CIT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 3.8
Current: 3.7

0.3
3.8
Forward Rate of Return (Yacktman) -6.11
CIT's Forward Rate of Return (Yacktman) is ranked higher than
51% of the 1348 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.46 vs. CIT: -6.11 )
CIT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -10.1   Max: 12.8
Current: -6.11

-10.1
12.8

Business Description

Industry: Banks » Specialty Finance
Compare: » details
Traded in other countries:QIT1.Germany
CIT Group Inc. was founded in 1908. It is incorporated in the state of Delaware. The Company provides commercial financing and leasing products and other services to small and middle market businesses across a variety of industries. It operates in North America, with locations in Europe, Latin America and the Asia-Pacific region. It provides financing and leasing capital to its clients and customers in over 30 industries and around 20 countries. The Company serves clients in a variety of industries including transportation, particularly aerospace and rail, manufacturing, retailing, healthcare, communications, media and entertainment, energy, and various service-related industries. It has five business segments: Corporate Finance: Corporate Finance provides a full spectrum of financing alternatives to borrowers, small business and middle market businesses and corporate finance consists of units that focus on specific industry sectors, such as commercial and industrial, communications, media and entertainment (CM&E), healthcare, small business lending, and energy.; Transportation Finance: Transportation Finance specializes in providing customized leasing and secured financing mainly to end-users of aircraft and railcars; Trade Finance: Trade Finance provides factoring, receivable and collection management products, and secured financing to clients, mainly manufacturers, importers and distributors of apparel, textile, furniture, home furnishings and consumer electronics. Although mainly U.S.-based, it also conducts business in Asia, Latin America and Europe. It offers a full range of domestic and international customized credit protection, lending and outsourcing services that include working capital and term loans, factoring, receivable management outsourcing, bulk purchases of accounts receivable, import and export financing and letter of credit programs; Vendor Finance: Vendor Finance partners with manufacturers and distributors to deliver financial solutions globally to end-user customers to facilitate the acquisition of vendor partners' products. The Company focus mainly on information technology, telecommunications and office equipment markets, but it also serve other diversified industries; Consumer Finance: Consumer segment includes student loan portfolio, currently in run-off, and receivables from other consumer lending activities that were originated by CIT Bank. These receivables are collected in accordance with their contractual terms. Its competitors include captive finance companies, global and domestic commercial and investment banks, community banks and leasing companies. Many of larger competitors compete globally. Major of the business segments, have a few large competitors with significant penetration and many smaller niche ones. CIT Group Inc.'s principal regulator is the Federal Reserve and CIT Bank's principal regulators are the FDIC and the UDFI. The company generates its revenue from Northeastern regions of A
» More Articles for CIT

Headlines

Articles On GuruFocus.com
Martin Whitman Third Quarter Letter to Shareholders Sep 11 2014 
KEELEY Mid Cap Dividend Value Fund Comments on CIT Group Inc Jul 30 2014 
A Big Win for John Paulson Jul 25 2014 
Morning Coffee: Widely Held Guru Stocks Near 52-Week Lows May 15 2014 
Investor Steven Romick's Top 5 Increases of First Quarter Apr 16 2014 
Bruce Berkowitz Buys Fannie Mae and Freddie Mac - Other Gurus, Financials and Risk Jun 13 2013 
Howard Marks Gains 133% on Eagle Sell, Four Reduced in First Quarter May 22 2013 
Bruce Berkowitz Pulls Plug on CIT - Sold Out 16 Million Shares Apr 30 2013 
Fairholme’s Bruce Berkowitz Announces New Holding Sears Canada and Increase to Leucadia Feb 01 2013 
Martin Whitman Fourth Quarter Portfolio Manager Commentary Dec 20 2012 


More From Other Websites
CIT Provides $32 Million in Financing to Spirit Bascom Ventures Sep 17 2014
CIT Group Grows Inorganically: Right Time to Buy the Stock? Sep 16 2014
CIT GROUP INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits Sep 09 2014
CIT Serves as Lead Arranger and Administrative Agent for $140 Million Financing to Kushner Companies... Sep 08 2014
CIT Provides $65 Million in Financing to Support Maxim-Falcon’s Acquisition of Laney Directional... Sep 03 2014
CIT to Present at the Barclays Global Financial Services Conference on September 9, 2014 Sep 02 2014
Will This Price Target Decrease Hurt CIT (CIT) Stock Today? Aug 21 2014
CIT Provides Financing to Audax Group to Acquire Wheel Pros Aug 20 2014
CIT Serves as Lead Arranger and Administrative Agent in $90 Million Financing to The Levy Group Aug 18 2014
AerCap Holdings Bases As It Digests ILF Acquisition Aug 13 2014
CIT GROUP INC Financials Aug 13 2014
CIT Provides Acquisition Financing to the Transilwrap Company Aug 13 2014
Factoring Provides Flexibility and Expertise to the Apparel Sector Aug 11 2014
The Head & Shoulders Top in Regional Banks Aug 07 2014
CIT GROUP INC Files SEC form 10-Q, Quarterly Report Aug 06 2014
[video] CIT's Thain on Acquisition Strategy, U.S. Banks Aug 06 2014
Thain Says CIT Has No Plans to Become ‘Serial Acquirer’ Aug 06 2014
CIT Provides $60 Million to Rockwood Capital and The Muller Company Aug 06 2014
Private Equity Continues to See Healthcare Sector as an Attractive Investment Aug 05 2014
CIT GROUP INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits Aug 04 2014

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK