Fifth Third Bancorp (FITB) Stock Forecast & Price Target

$41.99

-0.17 (-0.40%)

(As of 10/8/2024 ET)

Fifth Third Bancorp - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
7

Buy
9

Based on 16 Wall Street analysts who have issued ratings for Fifth Third Bancorp in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 7 have given a hold rating, and 9 have given a buy rating for FITB.

Consensus Price Target

$41.78
-0.50% Downside

According to the 16 analysts' twelve-month price targets for Fifth Third Bancorp, the average price target is $41.78. The highest price target for FITB is $51.00, while the lowest price target for FITB is $32.00. The average price target represents a forecasted downside of -0.50% from the current price of $41.99.

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FITB Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$41.78	$40.56	$38.15	$32.22
Forecasted Upside	-0.50% Downside	-2.50% Downside	-0.30% Downside	28.93% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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FITB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FITB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Fifth Third Bancorp Stock vs. The Competition

Type	Fifth Third Bancorp	Finance Companies	S&P 500
Consensus Rating Score	2.56	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-0.50% Downside	16.57% Upside	7.93% Upside
News Sentiment Rating	Positive News See Recent FITB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/2/2024	Evercore ISI 2 of 5 stars	Boost Target	In-Line ➝ In-Line	$46.00 ➝ $47.00	+11.35%
9/30/2024	Morgan Stanley 3 of 5 stars	Boost Target	Equal Weight ➝ Equal Weight	$47.00 ➝ $51.00	+18.99%
7/22/2024	Bank of America 4 of 5 stars	Boost Target	Buy ➝ Buy	$42.00 ➝ $45.00	+10.84%
7/22/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$42.00 ➝ $46.00	+13.27%
7/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$38.00 ➝ $43.00	+6.25%
7/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$42.00 ➝ $43.00	+16.97%
Get the Latest News and Ratings for FITB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fifth Third Bancorp and its competitors with MarketBeat's FREE daily newsletter.
6/11/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform ➝ Market Perform	$40.00 ➝ $40.00	+14.42%
6/11/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight ➝ Equal Weight	$41.00 ➝ $41.00	+15.10%
5/31/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$43.00	+17.01%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$37.50 ➝ $39.50	+8.34%
4/22/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$37.00 ➝ $39.00	+7.29%
4/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$42.00 ➝ $39.00	+10.26%
4/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Neutral	$32.00	-14.00%
3/28/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$39.00 ➝ $41.00	+10.69%
1/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$34.00 ➝ $43.00	+24.67%
12/18/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$32.00 ➝ $36.00	+2.56%
9/18/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$31.00	+14.39%
8/24/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform
7/21/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$32.00 ➝ $33.00	+12.78%
6/15/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$32.00 ➝ $31.00	+19.46%
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$44.00 ➝ $37.00	+11.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:26 AM ET.

Should I Buy Fifth Third Bancorp Stock? FITB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, September 21, 2024. Please send any questions or comments about these Fifth Third Bancorp pros and cons to contact@marketbeat.com.

Fifth Third Bancorp
Bull Case

Here are some ways that investors could benefit from investing in Fifth Third Bancorp:

Fifth Third Bancorp's stock price has been showing consistent growth, reaching a 12-month high of $43.85, indicating positive momentum.
The company has a dividend payout ratio (DPR) of 44.44%, offering investors a steady income stream through dividends.
Wall Street analysts have given Fifth Third Bancorp an average rating of "Moderate Buy" with a price target of $40.56, suggesting potential for stock price appreciation.
Fifth Third Bancorp reported a return on equity of 15.79% in its recent quarterly earnings, demonstrating strong profitability.
The firm has a market capitalization of $29.58 billion, indicating a solid position in the financial services sector.

Fifth Third Bancorp
Bear Case

Investors should be bearish about investing in Fifth Third Bancorp for these reasons:

Fifth Third Bancorp's PEG ratio of 1.93 suggests that the stock may be overvalued based on its growth prospects.
The company's quick ratio and current ratio of 0.81 each raise concerns about its short-term liquidity and ability to cover immediate financial obligations.
While the stock has shown growth, the beta of 1.22 indicates higher volatility compared to the market average, potentially leading to increased risk for investors.
Some analysts have issued a "hold" rating on Fifth Third Bancorp, indicating a mixed sentiment among experts regarding the stock's future performance.
Investors may find the 12-month low of $22.49 concerning, as it highlights potential downside risk in volatile market conditions.

FITB Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Fifth Third Bancorp is $41.78, with a high forecast of $51.00 and a low forecast of $32.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fifth Third Bancorp in the last twelve months. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FITB shares.
: According to analysts, Fifth Third Bancorp's stock has a predicted downside of -0.50% based on their 12-month stock forecasts.
: Fifth Third Bancorp has been rated by research analysts at Argus, Bank of America, Evercore ISI, Morgan Stanley, and Royal Bank of Canada in the past 90 days.
: Analysts like Fifth Third Bancorp more than other "finance" companies. The consensus rating for Fifth Third Bancorp is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how FITB compares to other companies.