Fifth Third Bancorp (NASDAQ:FITB) had its price objective raised by Sanford C. Bernstein from $20.00 to $21.00 in a research report released on Friday morning, AnalystRatingsNetwork.com reports. Sanford C. Bernstein currently has a market perform rating on the stock.
Sanford C. Bernstein has also modified their ratings on a number of other financials stocks in the few days. The firm raised its price target on shares of KeyCorp from $9.00 to $10.00. They have an underperform rating on that stock. Also, Sanford C. Bernstein raised its price target on shares of BB&T Corp. from $35.00 to $38.00. They have a market perform rating on that stock. Finally, Sanford C. Bernstein raised its price target on shares of M&T Bank Corp. from $112.00 to $125.00. They have a market perform rating on that stock.
Fifth Third Bancorp (NASDAQ: FITB) traded up 0.31% on Friday, hitting $19.40. Fifth Third Bancorp has a 1-year low of $13.49 and a 1-year high of $19.35. The stock’s 50-day moving average is currently $18.39. The company has a market cap of $16.519 billion and a price-to-earnings ratio of 9.46.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG cut their EPS estimates on shares of Fifth Third Bancorp in a research note on Friday. They now have a $21.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Fifth Third Bancorp from $20.00 to $22.00 in a research note to investors on Tuesday, July 9th. They now have an outperform rating on the stock.
One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $18.54.
Fifth Third Bancorp (NASDAQ: FITB) is a diversified financial services company.