Regions Financial Corp. Coverage Initiated by Analysts at UBS AG (RF)
UBS AG began coverage on shares of Regions Financial Corp. (NYSE:RF) in a research note issued on Thursday, ARN reports. The firm set a “buy” rating and a $12.00 price target on the stock. UBS AG’s price objective suggests a potential upside of 28.62% from the stock’s previous close.
A number of other firms have also recently commented on RF. Analysts at Wunderlich initiated coverage on shares of Regions Financial Corp. (NYSE:RF) in a research note to investors on Thursday. They set a “buy” rating and a $12.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Regions Financial Corp. (NYSE:RF) from $12.00 to $11.50 in a research note to investors on Wednesday. They now have a “strong-buy” rating on the stock. Finally, analysts at Guggenheim upgraded shares of Regions Financial Corp. (NYSE:RF) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 27th. They now have a $11.00 price target on the stock, down previously from $11.50. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $10.03.
Shares of Regions Financial Corp. (NYSE:RF) traded up 0.32% during mid-day trading on Thursday, hitting $9.36. 7,185,110 shares of the company’s stock traded hands. Regions Financial Corp. has a 52-week low of $6.19 and a 52-week high of $10.52. The stock has a 50-day moving average of $9.53 and a 200-day moving average of $9.18. The company has a market cap of $13.065 billion and a P/E ratio of 11.49.
Regions Financial Corp. (NYSE:RF) last released its earnings data on Tuesday, July 23rd. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.03. During the same quarter last year, the company posted $0.20 earnings per share. Analysts expect that Regions Financial Corp. will post $0.84 EPS for the current fiscal year.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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