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


The leading market experts have placed a mean price target of $19.93 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 $0.40 a share for the upcoming quarter and $1.56 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 $18.25, and stock is hovering -1.75 or -9.59% distant from $18.25. It is noted that the 200-day MA is $17.52, and Fifth Third Bancorp stock is $-1.02 or -5.84% off from this point. Fifth Third Bancorp (NASDAQ:FITB) 52-week high is $21.93 and the 52-week low is $13.84. This explains if the stock moves $-5.43, it will post a 52-week high. In event of $+19.22% points 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 8.27. The stock last ended the trading session at $16.50 and registered a market cap of $12.67B. 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 2.04.

1 Chart Pattern Every Investor Should Know

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