Fifth Third Bancorp (NASDAQ:FITB) average daily volatility for this week is 2.57% which is less than the 2.69% recorded over the past month. Its shares dropped by -23.02% or -$7.98 from its last recorded high of $34.67 which it attained on May 15 to close at $26.69 per share. Over the past 52 weeks, the shares of Fifth Third Bancorp has been trading as low as $22.12 before witnessing a massive surge by 20.66% or $4.57. This price movement has led to the FITB stock receiving more attention and has become one to watch out for. It dipped by -0.22% on Sunday and this got the market worried. The stock’s beta now stands at 1.34 and when compared to its 200-day moving average and its 50-day moving average, FITB price stands -3.05% below and -0.9% below respectively.
Fifth Third Bancorp (FITB) rose 5.83% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -17.45% and is now up by 13.43% since start of this year. A look at its monthly performance shows that the stock has recorded a 0.34% gain over the past 30 days. Its equity price climbed by 7.79% over the past three months which led to its overall six-month decrease to stand at -6.32%.
Experts from research firms are bullish about the near-term performance of Fifth Third Bancorp with most of them predicting a $30.15 price target on a short-term (12 months) basis. The average price target by the analysts will see a 12.96% rise in the stock and would lead to FITB’s market cap to surge to $19.6B. The stock has been rated an average 2.4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 25 analysts that track Fifth Third Bancorp (NASDAQ:FITB) and find out that 14 of them rated it as a Hold. 10 of the 11 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at FITB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 52.79 point. Its trading volume has lost -2305670 shares compared to readings over the past three months as it recently exchanged 5484330 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 7790000 shares, and this is 0.7 times the normal volume.
The price of CF Industries Holdings, Inc. (NYSE:CF) currently stands at $43.48 after it went up by $0.3 or 0.69% and has found a strong support at $43.08 a share. If the CF price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $42.67 mark would also be bad for the stock as it means that the stock would plunge by 1.86% from its current position. However, if the stock price is able to trade above the resistance point around $43.72, then it could likely surge higher to try and break the upward resistance which stands at $43.95 a share. Its average daily volatility over the past one month stands at 2.48%. The stock has plunged by 1.31% from its 52-weeks high of $42.91 which it reached on Apr. 10, 2018. In general, it is 15.98% above its 52-weeks lowest point which stands at $36.53 and this setback was observed on Jun. 04, 2018.
Analysts have predicted a price target for CF Industries Holdings, Inc. (CF) for 1 year and it stands at an average $51.33/share. This means that it would likely increase by 18.05% from its current position. The current price of the stock has been moving between $42.91 and $43.55. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $42. On the other hand, one analyst is super bullish about the price, setting a target as high as $62.
The CF stock Stochastic Oscillator (%D) is at 92.45%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.25 which compares to the 2.11 recorded by the industry or the 12.78 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.77, which is lower than the 33.24 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -23.4% over the past five years.
Analysts view CF Industries Holdings, Inc. (NYSE:CF) as a Hold, with 2.3 consensus rating. Reuters surveyed 18 analysts that follow CF and found that 8 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying CF Industries Holdings, Inc. (CF) shares or sell it if they already own it.
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