http://www.americanbankingnews.com/getthestreet reiterated their buy rating on shares of Fifth Third Bancorp (NASDAQ: FITB) in a research report sent to investors on Thursday morning.
“Fifth Third Bancorp (FITB) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
,” TheStreet’s analyst commented.
A number of other firms have also recently commented on FITB. Analysts at Keefe, Bruyette & Woods downgraded shares of Fifth Third Bancorp from an outperform rating to a market perform rating in a research note to investors on Tuesday, February 19th. Separately, analysts at Evercore Partners reiterated an equal weight rating on shares of Fifth Third Bancorp in a research note to investors on Wednesday, February 13th. They now have a $17.00 price target on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Fifth Third Bancorp from a buy rating to a hold rating in a research note to investors on Monday, February 11th. They now have a $17.00 price target on the stock.
Twelve analysts have rated the stock with a buy rating, one has issued an overweight rating, eighteen have given a hold rating, and one has assigned a sell rating to the company’s stock. The stock has an average rating of overweight and an average price target of $17.33.
Fifth Third Bancorp traded up 0.60% on Thursday, hitting $15.92. Fifth Third Bancorp has a 1-year low of $12.04 and a 1-year high of $16.77. The stock’s 50-day moving average is currently $16.08. The company has a market cap of $13.934 billion and a price-to-earnings ratio of 9.56.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
