Fifth Third Bancorp – Consensus ‘buy’ rating and 18.8% Upside Potential

Broker Ratings
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Fifth Third Bancorp with ticker code (FITB) now have 19 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between 36 and 27.1 with the average target price sitting at $31.14. Given that the stocks previous close was at $26.21 this would imply there is now a potential upside of 18.8%. The 50 day MA is $25.57 and the 200 moving average now moves to $31.19. The market capitalization for the company is 18.22B. The stock price is currently at: 26.76 USD

The potential market cap would be $21,642,312,565 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 7.8, revenue per share of 11.68 and a 1.2% return on assets.

Fifth Third Bancorp (the Bancorp) is a bank holding company for Fifth Third Bank, National Association. The Bancorp conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. The Bancorp operates through three segments: Commercial Banking, which offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers; Consumer and Small Business Banking provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators, and Wealth and Asset Management, which provides a range of wealth management services for individuals, companies and nonprofit organizations.

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