Stock To Watch: Fifth Third Bancorp (NASDAQ:FITB)


The leading market experts have placed a mean price target of $19.940 on Fifth Third Bancorp (NASDAQ:FITB) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.420 a share for the upcoming quarter and $1.590 for the current fiscal.

Technical View

The technical analysis of Fifth Third Bancorp plainly substantiates that the 50-day moving average of Fifth Third Bancorp is $18.157, and stock is trading $1.008 points away or +5.549% from its 50-day moving average of $18.157. Further it is trading $1.798 or +10.352% away its 200-day moving average of $17.367. Fifth Third Bancorp (NASDAQ:FITB) 52-week high is $21.280 and the 52-week low is $13.840.

This explains if the stock moves $-2.115, it will post a 52-week high. In event of +38.475% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Fifth Third Bancorp, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Fifth Third Bancorp (NASDAQ:FITB) ratio came in at 9.335.

The stock last ended the trading session at $19.165 and registered a market cap of $14.69B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Fifth Third Bancorp (NASDAQ:FITB) PEG ratio is at 3.330.

1 Chart Pattern Every Investor Should Know

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