Susquehanna Downgraded to Underperform at Raymond James (SUSQ)
Susquehanna (NASDAQ:SUSQ) was downgraded by equities research analysts at Raymond James from a “market perform” rating to an “underperform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on SUSQ. Analysts at FBR Capital Markets downgraded shares of Susquehanna from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $13.00 price target on the stock, down previously from $16.00. 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 equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.29.
Susquehanna (NASDAQ:SUSQ) traded down 5.68% during mid-day trading on Friday, hitting $11.78. 6,054,417 shares of the company’s stock traded hands. Susquehanna has a 52-week low of $9.19 and a 52-week high of $14.35. The stock’s 50-day moving average is $13.12 and its 200-day moving average is $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 posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.01. During the same quarter last year, the company posted $0.20 earnings per share. Analysts expect that Susquehanna will post $0.92 EPS 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.
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.
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