Regions Financial Corp. Receives New Coverage from Analysts at Janney Montgomery Scott (RF)
Research analysts at Janney Montgomery Scott assumed coverage on shares of Regions Financial Corp. (NYSE:RF) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on RF. Analysts at Deutsche Bank upgraded shares of Regions Financial Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 3rd. They now have a $12.00 price target on the stock, up previously from $10.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Regions Financial Corp. in a research note to investors on Thursday, December 19th. They now have a $10.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Regions Financial Corp. from $11.00 to $11.50 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Regions Financial Corp. presently has a consensus rating of “Buy” and a consensus target price of $10.10.
Regions Financial Corp. (NYSE:RF) traded up 0.58% on Tuesday, hitting $10.37. 17,882,884 shares of the company’s stock traded hands. Regions Financial Corp. has a 1-year low of $7.30 and a 1-year high of $10.52. The stock’s 50-day moving average is $9.81 and its 200-day moving average is $9.74. The company has a market cap of $14.285 billion and a P/E ratio of 13.02.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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