Is It Right Time to Be Bullish on Fifth Third Bancorp (FITB), Discover Financial Services (DFS)?

The shares of Fifth Third Bancorp (NASDAQ:FITB) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on July 12th, 2019. The research company has also assigned a $30 price target. 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. Keefe Bruyette advised investors in its research note published on April 4th, 2019, to Outperform the FITB stock while also putting a $32 price target. The stock had earned Buy rating from Jefferies when it published its report on April 1st, 2019. The stock was given Buy rating by Sandler O’Neill in its report released on March 22nd, 2019. Citigroup was of a view that FITB is Buy in its latest report on January 9th, 2019. Barclays thinks that FITB is worth Equal Weight rating. This was contained in the firm’s report on January 2nd, 2019 in which the stock’s price target was also moved to $31.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 15 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 $31.81. The price of the stock the last time has raised by 21.34% 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 38.87.

The shares of the company added by 1.13% during the trading session on Thursday, reaching a low of $26.61 while ending the day at $26.84. During the trading session, a total of 4.76 million shares were traded which represents a 22.12% incline from the average session volume which is 6.11M shares. FITB had ended its last session trading at 26.54. Fifth Third Bancorp currently has a market cap of $19.76B, while its P/E ratio stands at 9.05, while its P/E earnings growth sits at 3.42, with a beta of 1.36. Fifth Third Bancorp debt-to-equity ratio currently stands at 0.85, while its quick ratio hovers at . FITB 52-week low price stands at $22.12 while its 52-week high price is $30.31.

The company in its last quarterly report recorded $0.71 earnings per share which is above the $0.66 predicted by most analysts. The Fifth Third Bancorp generated $1,905.00 million in revenue during the last quarter, which is slightly higher than the $1,900.88 million predicted by analysts. In the second quarter last year, the firm recorded $0.63 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 11.27%. Fifth Third Bancorp has the potential to record 2.97 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Deutsche Bank published a research note on July 8th, 2019 where it informed investors and clients that Discover Financial Services (NYSE:DFS) is now rated as Hold. Their price target on the stock stands at $87. Keefe Bruyette also rated DFS as Upgrade on April 4th, 2019, with its price target of $9.50 suggesting that DFS could surge by 9.1% from its current share price. Even though the stock has been trading at $83.77/share, analysts expect it to surge higher by 1.03% to reach $93.10/share. It started the day trading at $85.32 and traded between $83.83 and $84.63 throughout the trading session.

A look at its technical shows that DFS’s 50-day SMA is 81.09 while its 200-day SMA stands at 73.08. The stock has a high of $92.98 for the year while the low is $54.36. The company’s P/E ratio currently sits at 9.91, while the P/B ratio is 2.60. At the moment, only of Discover Financial Services shares were sold short. The company’s average trading volume currently stands at 1.99M shares, which means that the short-interest ratio is just 2.32 days. Over the past seven days, the company moved, with its shift of -3.41%. Looking further, the stock has raised 7.13% over the past 90 days while it gained 22.79% 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 DFS shares, increasing its portfolio by +0.20% during the last quarter. This move now sees The Vanguard Group Inc purchasing 48,562 shares in the last quarter, thus it now holds 24,687,314 shares of DFS, with a total valuation of $1,915,488,693. Capital Research Management Co meanwhile bought more DFS shares in the recently filed quarter, changing its stake to $1,432,341,970 worth of shares. BlackRock Fund Advisors followed the path by increasing its DFS portfolio by +2.41% in the quarter. This means that BlackRock Fund Advisors bought 390,704 shares in the last quarter and now controls 16,598,546 shares of the DFS stock, with the valuation hitting $1,287,881,184.

Similarly, PRIMECAP Management Co increased its Discover Financial Services shares by +0.21% during the recently filed quarter. After buying 26,500 shares in the last quarter, the firm now controls 12,913,396 shares of Discover Financial Services which are valued at $1,001,950,396. In the same vein, Boston Partners Global Investors decreased its Discover Financial Services shares by during the most recent reported quarter. The firm sold -252,282 shares during the quarter which decreased its stakes to 12,168,598 shares and is now valued at $944,161,519. Following these latest developments, around 0.90% of Discover Financial Services stocks are owned by institutional investors and hedge funds.