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.
A number of analysts gave price targets for FITB. The maximum price target given was 30, which equates to a potential upside of 13.72 percent. The minimum price target given was 24, implying a possible loss 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. That number becomes -1.04 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 1.68 percent. 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. 5 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts made negative revisions. Also over the last month, 9 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.
FITB has an estimated earnings growth rate of -6.78 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. 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 a 52-week high of 28.97 and a 52-week low of 18.46. The current market price is above the trailing year's low by 42.9 percent, 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.