Regions Financial Corp. Upgraded by Guggenheim to “Buy” (RF)
Regions Financial Corp. (NYSE:RF) was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
RF has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Regions Financial Corp. (NYSE:RF) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $9.75 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Regions Financial Corp. (NYSE:RF) from $12.00 to $13.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays Capital downgraded shares of Regions Financial Corp. (NYSE:RF) to an “overweight” rating in a research note to investors on Monday, July 29th. They now have a $5.00 price target on the stock, down previously from $7.00. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.84.
Regions Financial Corp. (NYSE:RF) opened at 9.18 on Friday. Regions Financial Corp. has a one year low of $6.19 and a one year high of $10.52. The stock’s 50-day moving average is $9.59 and its 200-day moving average is $9.15. The company has a market cap of $12.814 billion and a price-to-earnings ratio of 11.31.
Regions Financial Corp. (NYSE:RF) last announced its earnings results on Tuesday, July 23rd. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.03. During the same quarter in the previous year, the company posted $0.20 earnings per share.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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