Analysts Have Mixed Ratings On Fifth Third Bancorp (FITB), Match Group, Inc. (MTCH)

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 $31.90. The price of the stock the last time has raised by 19.53% 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 38.25.

The shares of the company added by 1.38% during the trading session on Tuesday, reaching a low of $25.83 while ending the day at $26.44. During the trading session, a total of 5.81 million shares were traded which represents a 4.42% incline from the average session volume which is 6.08M shares. FITB had ended its last session trading at 26.08. Fifth Third Bancorp currently has a market cap of $19.43B, while its P/E ratio stands at 8.92, while its P/E earnings growth sits at 3.36, with a beta of 1.38. 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 SunTrust published a research note on August 8th, 2019 where it informed investors and clients that Match Group, Inc. (NASDAQ:MTCH) is now rated as Hold. Their price target on the stock stands at $90. Keefe Bruyette also rated MTCH as Upgrade on April 4th, 2019, with its price target of $65 suggesting that MTCH could surge by 6.28% from its current share price. Even though the stock has been trading at $82.64/share, analysts expect it to surge higher by -2.47% to reach $86.00/share. It started the day trading at $84.94 and traded between $80.33 and $80.60 throughout the trading session.

A look at its technical shows that MTCH’s 50-day SMA is 73.63 while its 200-day SMA stands at 58.09. The stock has a high of $95.32 for the year while the low is $31.69. The company’s P/E ratio currently sits at 48.32, while the P/B ratio is 155.00. At the moment, only of Match Group, Inc. shares were sold short. The company’s average trading volume currently stands at 1.98M shares, which means that the short-interest ratio is just 9.83 days. Over the past seven days, the company moved, with its shift of 9.05%. Looking further, the stock has raised 18.67% over the past 90 days while it gained 39.81% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Sands Capital Management LLC bought more MTCH shares, increasing its portfolio by +30.09% during the last quarter. This move now sees Sands Capital Management LLC purchasing 2,324,356 shares in the last quarter, thus it now holds 10,049,288 shares of MTCH, with a total valuation of $756,610,894. The Vanguard Group Inc meanwhile sold more MTCH shares in the recently filed quarter, changing its stake to $470,283,701 worth of shares. JPMorgan Investment Management I followed the path by increasing its MTCH portfolio by +7.57% in the quarter. This means that JPMorgan Investment Management I bought 348,503 shares in the last quarter and now controls 4,954,749 shares of the MTCH stock, with the valuation hitting $373,043,052.

Similarly, D E Shaw Co LP increased its Match Group, Inc. shares by +41.66% during the recently filed quarter. After buying 620,746 shares in the last quarter, the firm now controls 2,110,790 shares of Match Group, Inc. which are valued at $158,921,379. In the same vein, BlackRock Fund Advisors increased its Match Group, Inc. shares by during the most recent reported quarter. The firm bought 80,960 shares during the quarter which increased its stakes to 2,039,543 shares and is now valued at $153,557,192. Following these latest developments, around 23.60% of Match Group, Inc. stocks are owned by institutional investors and hedge funds.