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 21.93% 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 54.84.
The shares of the company added by 0.94% during the trading session on Thursday, reaching a low of $26.68 while ending the day at $26.97. During the trading session, a total of 6.78 million shares were traded which represents a 13.74% incline from the average session volume which is 7.86M shares. FITB had ended its last session trading at 26.72. Fifth Third Bancorp currently has a market cap of $17.53B, while its P/E ratio stands at 8.86, while its P/E earnings growth sits at 3.38, 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 Berenberg published a research note on January 24th, 2019 where it informed investors and clients that Mondelez International, Inc. (NASDAQ:MDLZ) is now rated as Hold. Jefferies also rated MDLZ as Upgrade on April 1st, 2019, with its price target of $24 suggesting that MDLZ could surge by 0.26% from its current share price. Even though the stock has been trading at $49.70/share, analysts expect it to surge higher by -0.06% to reach $49.80/share. It started the day trading at $49.92 and traded between $49.44 and $49.67 throughout the trading session.
A look at its technical shows that MDLZ’s 50-day SMA is 47.97 while its 200-day SMA stands at 43.92. The stock has a high of $50.05 for the year while the low is $37.42. The company’s P/E ratio currently sits at 21.62, while the P/B ratio is 2.82. At the moment, only of Mondelez International, Inc. shares were sold short. The company’s average trading volume currently stands at 7.65M shares, which means that the short-interest ratio is just 1.41 days. Over the past seven days, the company moved, with its shift of 0.04%. Looking further, the stock has raised 17.31% over the past 90 days while it gained 16.16% 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 MDLZ shares, increasing its portfolio by +2.39% during the last quarter. This move now sees The Vanguard Group Inc purchasing 2,467,209 shares in the last quarter, thus it now holds 105,581,972 shares of MDLZ, with a total valuation of $5,270,652,042. SSgA Funds Management Inc meanwhile bought more MDLZ shares in the recently filed quarter, changing its stake to $3,169,753,766 worth of shares. BlackRock Fund Advisors followed the path by increasing its MDLZ portfolio by +7.85% in the quarter. This means that BlackRock Fund Advisors bought 4,549,315 shares in the last quarter and now controls 62,527,664 shares of the MDLZ stock, with the valuation hitting $3,121,380,987.
Similarly, JPMorgan Investment Management I decreased its Mondelez International, Inc. shares by -1.13% during the recently filed quarter. After selling -347,993 shares in the last quarter, the firm now controls 30,314,695 shares of Mondelez International, Inc. which are valued at $1,513,309,574. In the same vein, Capital Research Management Co increased its Mondelez International, Inc. shares by during the most recent reported quarter. The firm bought 1,095,777 shares during the quarter which increased its stakes to 21,919,387 shares and is now valued at $1,094,215,799. Following these latest developments, around 0.10% of Mondelez International, Inc. stocks are owned by institutional investors and hedge funds.