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.
Several price targets were given for FITB by the analysts covering the stock. The maximum price target given was 30, which equates to a potential upside of 13.72 percent. The most pessimistic analyst gave a price target of 24, which equates to a potential downside of -9.02 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.04 percent. The average change in earnings estimates over the last 90 days is -1.04 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.68 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.68 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts revised their estimates downwards. Also over the last month, 9 analysts increased their estimates for the FY earnings, while 3 analysts decreased their estimates.
Analysts estimate earnings of FITB to grow at a rate of -6.78 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, 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.
In the last 52-weeks, FITB has achieved a high of 28.97 and a low of 18.46. Currently the stock is 42.9 percent higher than its low, and below the high by 8.94 percent. 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.