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 maximum price target given was 30, implying a possible profit of 13.72 percent. The lowest price target was 24, which equates to a potential downside of -9.02 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.04 percent. That number becomes -1.04 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 5 analysts increased their quarterly estimates, while 4 analysts made negative revisions. Also over the last month, 9 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
FITB has an estimated earnings growth rate of -6.78 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies 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. The current market price is above the trailing year's low by 42.9 percent, and below the high by 8.94 percent. 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 market cap of FITB is $19.61 billion. FITB will post this quarters earnings in days, on 0000-00-00.