Regions Financial (RF) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
Regions Financial (NYSE:RF) announced its earnings results on Tuesday. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01, Analyst Ratings News reports.
Shares of Regions Financial (NYSE:RF) opened at 10.28 on Tuesday. Regions Financial has a one year low of $7.85 and a one year high of $11.54. The stock has a 50-day moving average of $10.7 and a 200-day moving average of $10.14. The company has a market cap of $14.166 billion and a price-to-earnings ratio of 13.26.
A number of analysts have recently weighed in on RF shares. Analysts at UBS AG raised their price target on shares of Regions Financial from $10.50 to $11.00 in a research note on Tuesday, April 8th. On the ratings front, analysts at Guggenheim raised their price target on shares of Regions Financial from $12.50 to $13.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Regions Financial from $12.50 to $13.00 in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $10.67.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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