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.
FITB was given price targets by several analysts. The most optimistic analyst gave a price target of 30, implying a possible profit of 13.72 percent. The most pessimistic analyst gave a price target of 24, which equates to a potential downside of -9.02 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.04 percent on average, compared to last month. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, while 4 analysts made negative revisions. During this time, 9 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts decreased their estimates.
The growth rate of FITB's earnings is estimated by analysts to be -6.78 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. 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.
In the trailing 52-weeks, FITB hit 28.97 at the highest peak, while it's lowest trading point was 18.46. Today's price is 42.9 percent above the 52-week low, and 8.94 percent below the high. FITB has a price/earnings 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.