The shares of Fifth Third Bancorp (NASDAQ:FITB) has been pegged with a rating of Outperform by Keefe Bruyette in its latest research note that was published on April 4th, 2019. The research company has also assigned a $32 price target. Keefe Bruyette 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. Jefferies advised investors in its research note published on April 1st, 2019, to Buy the FITB stock. The stock had earned Buy rating from Sandler O’Neill when it published its report on March 22nd, 2019. The stock was given Buy rating by Citigroup in its report released on January 9th, 2019. Barclays was of a view that FITB is Equal Weight in its latest report on January 2nd, 2019 while giving it a price target of $31. Stephens thinks that FITB is worth Overweight rating. This was contained in the firm’s report on December 20th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 14 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $30.15. The price of the stock the last time has raised by 19.48% 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 50.42.
The shares of the company dipped by -1.64% during the trading session on Tuesday, reaching a low of $26.33 while ending the day at $26.43. During the trading session, a total of 6.07 million shares were traded which represents a 22.63% incline from the average session volume which is 7.85M shares. FITB had ended its last session trading at 26.87. Fifth Third Bancorp currently has a market cap of $17.18B, while its P/E ratio stands at 8.68, while its P/E earnings growth sits at 3.31, with a beta of 1.34. 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 UBS published a research note on November 28th, 2018 where it informed investors and clients that Boston Scientific Corporation (NYSE:BSX) is now rated as Buy. Jefferies also rated BSX as Upgrade on April 1st, 2019, with its price target of $3 suggesting that BSX could surge by 13.2% from its current share price. Even though the stock has been trading at $38.15/share, analysts expect it to surge higher by 0.16% to reach $44.02/share. It started the day trading at $38.35 and traded between $37.94 and $38.21 throughout the trading session.
A look at its technical shows that BSX’s 50-day SMA is 39.00 while its 200-day SMA stands at 36.39. The stock has a high of $41.00 for the year while the low is $27.39. The company’s P/E ratio currently sits at 33.37, while the P/B ratio is 6.07. At the moment, only of Boston Scientific Corporation shares were sold short. The company’s average trading volume currently stands at 7.10M shares, which means that the short-interest ratio is just 1.18 days. Over the past seven days, the company moved, with its shift of -0.80%. Looking further, the stock has raised 8.00% over the past 90 days while it gained 0.95% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co sold more BSX shares, decreasing its portfolio by -8.06% during the last quarter. This move now sees Fidelity Management Research Co selling -12,906,910 shares in the last quarter, thus it now holds 147,177,590 shares of BSX, with a total valuation of $5,648,675,904. The Vanguard Group Inc meanwhile bought more BSX shares in the recently filed quarter, changing its stake to $3,910,697,285 worth of shares. Capital Research Management Co followed the path by increasing its BSX portfolio by +11.24% in the quarter. This means that Capital Research Management Co bought 10,101,411 shares in the last quarter and now controls 99,939,172 shares of the BSX stock, with the valuation hitting $3,835,665,421.
Similarly, Wellington Management Co LLP decreased its Boston Scientific Corporation shares by -0.24% during the recently filed quarter. After selling -153,985 shares in the last quarter, the firm now controls 63,232,247 shares of Boston Scientific Corporation which are valued at $2,426,853,640. In the same vein, SSgA Funds Management Inc increased its Boston Scientific Corporation shares by during the most recent reported quarter. The firm bought 2,869 shares during the quarter which increased its stakes to 56,679,322 shares and is now valued at $2,175,352,378. Following these latest developments, around 0.30% of Boston Scientific Corporation stocks are owned by institutional investors and hedge funds.