The shares of Fifth Third Bancorp (NASDAQ:FITB) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on January 9th, 2019. Citigroup wasn’t the only research firm that published a report of Fifth Third Bancorp, with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on January 2nd, 2019, to Equal Weight the FITB stock while also putting a $31 price target. The stock had earned Overweight rating from Stephens when it published its report on December 20th, 2018. The stock was given Outperform rating by Raymond James in its report released on October 31st, 2018. Nomura was of a view that FITB is Neutral in its latest report on October 24th, 2018. Wedbush thinks that FITB is worth Outperform rating. This was contained in the firm’s report on September 4th, 2018 in which the stock’s price target was also moved to $34.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $30.07. The price of the stock the last time has raised by 28.44% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 66.81.
The shares of the company added by 1.54% during the trading session on Thursday, reaching a low of $27.925 while ending the day at $28.41. During the trading session, a total of 8.19 million shares were traded which represents a -30.21% decline from the average session volume which is 6.29M shares. FITB had ended its last session trading at 27.98. Fifth Third Bancorp currently has a market cap of $18.34B, while its P/E ratio stands at 9.33, while its P/E earnings growth sits at 3.54, with a beta of 1.36. Fifth Third Bancorp debt-to-equity ratio currently stands at 0.97, while its quick ratio hovers at . FITB 52-week low price stands at $22.12 while its 52-week high price is $34.67.
The company in its last quarterly report recorded $0.69 earnings per share which is above the $0.67 predicted by most analysts. The Fifth Third Bancorp generated $1,656.00 million in revenue during the last quarter, which is slightly lower than the $1,659.48 million predicted by analysts. In the second quarter last year, the firm recorded $0.64 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 7.25%. Fifth Third Bancorp has the potential to record 3.05 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Buckingham Research published a research note on March 8th, 2019 where it informed investors and clients that Netflix, Inc. (NASDAQ:NFLX) is now rated as Neutral. Their price target on the stock stands at $382. Barclays also rated NFLX as Reiterated on January 2nd, 2019, with its price target of $31 suggesting that NFLX could surge by 6.35% from its current share price. Even though the stock has been trading at $361.21/share, analysts expect it to surge higher by -0.66% to reach $383.15/share. It started the day trading at $363.84 and traded between $358.1008 and $358.82 throughout the trading session.
A look at its technical shows that NFLX’s 50-day SMA is 343.17 while its 200-day SMA stands at 340.00. The stock has a high of $423.21 for the year while the low is $231.23. The company’s P/E ratio currently sits at 136.95, while the P/B ratio is 29.90. At the moment, only of Netflix, Inc. shares were sold short. The company’s average trading volume currently stands at 10.88M shares, which means that the short-interest ratio is just 1.50 days. Over the past seven days, the company moved, with its shift of 1.76%. Looking further, the stock has raised 35.24% over the past 90 days while it gained 0.81% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more NFLX shares, increasing its portfolio by +4.23% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,248,462 shares in the last quarter, thus it now holds 30,735,169 shares of NFLX, with a total valuation of $11,006,264,019. Capital Research Management Co meanwhile sold more NFLX shares in the recently filed quarter, changing its stake to $9,200,153,366 worth of shares. Fidelity Management Research Co followed the path by decreasing its NFLX portfolio by -0.45% in the quarter. This means that Fidelity Management Research Co sold -112,592 shares in the last quarter and now controls 24,990,920 shares of the NFLX stock, with the valuation hitting $8,949,248,452.
Similarly, T Rowe Price Associates Inc increased its Netflix, Inc. shares by +36.27% during the recently filed quarter. After buying 4,070,348 shares in the last quarter, the firm now controls 15,293,289 shares of Netflix, Inc. which are valued at $5,476,526,791. In the same vein, SSgA Funds Management Inc increased its Netflix, Inc. shares by during the most recent reported quarter. The firm bought 178,747 shares during the quarter which increased its stakes to 15,197,413 shares and is now valued at $5,442,193,595. Following these latest developments, around 1.74% of Netflix, Inc. stocks are owned by institutional investors and hedge funds.