Analyst Ratings for Fifth Third Bancorp (FITB)Updated: 2017-07-29
An average rating of Hold has been given to Fifth Third Bancorp (NASDAQ:FITB) by analysts covering the stock. FITB had previously received a consensus rating of Hold a month ago.
Of the 30 analysts covering the stock, 3 gave it a buy rating, 1 issued an overweight rating, 24 gave a hold rating, 0 issued an underweight rating, and 2 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has decreased by 1.
Many analysts weighed in on price targets for FITB. The most optimistic analyst gave a price target of 30, which equates to a potential upside of 13.72 percent. The minimum price target given was 24, implying potential capital losses of -9.02 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.04 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.04 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.68 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.68 percent.
People are often interested in whether analysts were united in the direction of their revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, while 4 analysts made negative revisions. Over the same time period, 9 analysts revised their FY earnings estimates upwards, while 3 analysts decreased their estimates.
Analysts estimate earnings of FITB to grow at a rate of -6.78 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. FITB has a PEG ratio of -1.99.
FITB has traded between a high of 28.97 and a low of 18.46 over the past year. Today's price is 42.9 percent above the 52-week low, and 8.94 percent lower than its 52-week high. FITB has a P/E ratio of 13.47. Investors typically compare the P/E ratio to a company's peers in the industry. The FITB value stock report compares FITB to some of its peers using value stock charts. The stock has a market capitalization of $19.61 billion. FITB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.