Fifth Third Bancorp Given Average Recommendation of “Buy” by Brokerages (NASDAQ:FITB)
Fifth Third Bancorp (NASDAQ:FITB) has earned an average rating of “Buy” from the twenty-six analysts that are presently covering the stock, Stock Ratings Network.com reports. Ten analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $22.13.
Shares of Fifth Third Bancorp (NASDAQ:FITB) traded up 0.43% on Monday, hitting $21.04. 1,799,290 shares of the company’s stock traded hands. Fifth Third Bancorp has a 1-year low of $16.11 and a 1-year high of $23.90. The stock’s 50-day moving average is $22.51 and its 200-day moving average is $20.84. The company has a market cap of $17.797 billion and a P/E ratio of 10.91.
Fifth Third Bancorp (NASDAQ:FITB) last released its earnings data on Thursday, April 17th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.05. During the same quarter in the prior year, the company posted $0.46 earnings per share. Analysts expect that Fifth Third Bancorp will post $1.77 EPS for the current fiscal year.
A number of research firms have recently commented on FITB. Analysts at BMO Capital Markets cut their price target on shares of Fifth Third Bancorp from $24.00 to $23.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Guggenheim raised their price target on shares of Fifth Third Bancorp from $25.00 to $26.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Fifth Third Bancorp from $25.00 to $26.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock.
Fifth Third Bancorp (NASDAQ:FITB) is a diversified financial services company.
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