Fulton Financial Corp Rating Lowered to Underperform at Zacks (FULT)
Fulton Financial Corp (NASDAQ:FULT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a $10.80 price target on the stock. Zacks‘s price target indicates a potential downside of 5.43% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of Fulton Financial Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. They now have a $14.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Fulton Financial Corp from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $14.00 price target on the stock. Finally, analysts at Drexel Hamilton initiated coverage on shares of Fulton Financial Corp in a research note on Thursday, May 8th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.29.
Fulton Financial Corp (NASDAQ:FULT) traded up 0.71% during mid-day trading on Friday, hitting $11.42. 1,830,260 shares of the company’s stock traded hands. Fulton Financial Corp has a 52 week low of $11.08 and a 52 week high of $13.40. The stock has a 50-day moving average of $12.22 and a 200-day moving average of $12.34. The company has a market cap of $2.159 billion and a P/E ratio of 13.34.
Fulton Financial Corp (NASDAQ:FULT) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.01. During the same quarter last year, the company posted $0.21 earnings per share. On average, analysts predict that Fulton Financial Corp will post $0.85 earnings per share for the current fiscal year.
Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank, N.
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