In last trading session, Regions Financial Corporation (NYSE:RF) saw 15.29 million shares changing hands with its beta currently measuring 1.21. Company’s recent per share price level of $17.96 trading at -$0.02 or -0.11% at ring of the bell on the day assigns it a market valuation of $16.73B. That closing price of RF’s stock is at a discount of -35.47% from its 52-week high price of $24.33 and is indicating a premium of 22.38% from its 52-week low price of $13.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.77 million shares which gives us an average trading volume of 7.15 million if we extend that period to 3-months.
For Regions Financial Corporation (RF), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 29 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 14 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.58 in the current quarter.
Regions Financial Corporation (NYSE:RF) trade information
Upright in the red during last session for losing -0.11%, in the last five days RF remained trading in the green while hitting it’s week-highest on Wednesday, 09/13/23 when the stock touched $17.96 price level, adding 2.34% to its value on the day. Regions Financial Corporation’s shares saw a change of -16.70% in year-to-date performance and have moved 0.22% in past 5-day. Regions Financial Corporation (NYSE:RF) showed a performance of -7.85% in past 30-days. Number of shares sold short was 26.15 million shares which calculate 3.99 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $21.96 to the stock, which implies a rise of 18.21% to its current value. Analysts have been projecting $19.00 as a low price target for the stock while placing it at a high target of $26.00. It follows that stock’s current price would drop -44.77% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.79% for stock’s current value.
Regions Financial Corporation (RF) estimates and forecasts
Statistics highlight that Regions Financial Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -3.49% of value to its shares in past 6 months, showing an annual growth rate of -0.42% while that of industry is -8.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 34.90% in the current quarter and calculating -16.70% decrease in the next quarter. This year revenue growth is estimated to rise 6.50% from the last financial year’s standing.
17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.89 billion for the same. And 17 analysts are in estimates of company making revenue of $1.87 billion in the next quarter that will end on Dec 2023. Company posted $1.81 billion and $1.96 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 4.60% while estimating it to be -5.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.10% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -8.60% while estimates for its earnings growth in next 5 years are of -0.88%.
Regions Financial Corporation is more likely to be releasing its next quarterly report on October 20 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.