Fifth Third (NASDAQ:FITB) has been upgraded from Hold to Buy in a statement by Rafferty today.
- Updated: September 16, 2016
Rafferty has upgraded Fifth Third(NASDAQ:FITB) from Hold to Buy in a report released on 9/16/2016.
Showing a price of $20.54, Fifth Third (NASDAQ:FITB) traded 0.39% lower on the day. The last stock price is up 12.53% from the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same period. The company has been tracking to a 50-day average of $19.60 and two hundred day moving average of $18.18. Trade volume was was up over the average, with 11,049,602 shares of FITB changing hands over the typical 6,471,600 shares.
With a market capitalization of $0.0, Fifth Third has a P/E of 10 with a 52 week low of $13.84 and a one-year high of $21.14.
In addition to Rafferty reporting it’s target price, a total of 28 analysts have released a ratings update on the stock. The consensus target price is $19.88 with five firms rating the company a strong buy, seven firms rating the stock a buy, 20 firms rating the stock a hold, one firm rating the stock to underperform, and lastly 0 brokeragesrating the company as sell.
General Information About Fifth Third (NASDAQ:FITB)
Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. The Company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. It offers commercial and industrial loans, commercial mortgage loans, commercial construction loans, commercial leases, residential mortgage loans, home equity, automobile loans, credit card, and other consumer loans and leases. The Company offers various types of deposits, such as demand deposits, interest checking deposits, savings deposits, money market deposits, and transaction deposits and other time deposits.
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