Regions Financial Corp Earns Neutral Rating from JPMorgan Chase & Co. (RF)
Regions Financial Corp (NYSE:RF)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday. They currently have a $10.00 price target on the stock, down from their previous price target of $11.00. JPMorgan Chase & Co.’s price objective indicates a potential downside of 1.19% from the company’s current price.
Regions Financial Corp (NYSE:RF) traded up 0.74% on Thursday, hitting $10.195. 7,274,919 shares of the company’s stock traded hands. Regions Financial Corp has a 52-week low of $8.84 and a 52-week high of $11.54. The stock’s 50-day moving average is $10.06 and its 200-day moving average is $10.42. The company has a market cap of $14.054 billion and a price-to-earnings ratio of 12.83.
Regions Financial Corp (NYSE:RF) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Regions Financial Corp will post $0.86 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Miller Tabak upgraded shares of Regions Financial Corp from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Regions Financial Corp in a research note on Wednesday, July 23rd. They now have a $12.00 price target on the stock, down previously from $12.50. Finally, analysts at Bernstein raised their price target on shares of Regions Financial Corp from $10.00 to $10.50 in a research note on Wednesday, July 23rd. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Regions Financial Corp currently has an average rating of “Buy” and a consensus target price of $11.47.
In other Regions Financial Corp news, EVP Ellen S. Jones sold 9,500 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $10.13, for a total value of $96,235.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Regions Financial Corporation (NYSE:RF) is a financial holding company.
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