Susquehanna Downgraded by FBR Capital Markets to Market Perform (SUSQ)
Susquehanna (NASDAQ:SUSQ) was downgraded by research analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $13.00 target price on the stock, down from their previous target price of $16.00. FBR Capital Markets’ price objective suggests a potential upside of 10.36% from the stock’s previous close.
Susquehanna (NASDAQ:SUSQ) traded down 5.68% during mid-day trading on Friday, hitting $11.78. The stock had a trading volume of 6,054,417 shares. Susquehanna has a 52 week low of $9.19 and a 52 week high of $14.35. The stock has a 50-day moving average of $13.12 and a 200-day moving average of $12.49. The company has a market cap of $2.205 billion and a price-to-earnings ratio of 13.91.
Susquehanna (NASDAQ:SUSQ) last released its earnings data on Wednesday, October 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, analysts predict that Susquehanna will post $0.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, October 28th.
Separately, analysts at Guggenheim downgraded shares of Susquehanna from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $14.00 price target on the stock, down previously from $15.50. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $13.29.
Susquehanna Bancshares, Inc (NASDAQ:SUSQ) is a financial holding company that provides a range of retail and commercial banking and financial services, through its subsidiaries in the mid-Atlantic region.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.