Fifth Third Bancorp Given New $25.00 Price Target at FBR Capital Markets (FITB)
Equities researchers at FBR Capital Markets hoisted their price target on shares of Fifth Third Bancorp (NASDAQ:FITB) from $21.00 to $25.00 in a research report issued on Friday, Stock Ratings News reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price indicates a potential upside of 17.21% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of Fifth Third Bancorp in a research note to investors on Tuesday, January 14th. They set a “buy” rating on the stock. Separately, analysts at Evercore Partners upgraded shares of Fifth Third Bancorp from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 16th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fifth Third Bancorp in a research note to investors on Tuesday, December 3rd. They now have a $21.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Fifth Third Bancorp has a consensus rating of “Hold” and a consensus price target of $20.82.
Shares of Fifth Third Bancorp (NASDAQ:FITB) traded down 0.93% during mid-day trading on Friday, hitting $21.32. The stock had a trading volume of 9,540,472 shares. Fifth Third Bancorp has a 52 week low of $15.43 and a 52 week high of $21.96. The stock’s 50-day moving average is $20.89 and its 200-day moving average is $19.45. The company has a market cap of $18.822 billion and a price-to-earnings ratio of 10.73.
Fifth Third Bancorp (NASDAQ:FITB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. During the same quarter in the previous year, the company posted $0.43 earnings per share. Analysts expect that Fifth Third Bancorp will post $2.00 EPS for the current fiscal year.
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company.
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