why Regions Financial Corp. [RF] is a Good Choice for Investors After New Price Target of $21.59

NFLX Stock

Regions Financial Corp. [NYSE: RF] slipped around -0.42 points on Wednesday, while shares priced at $18.64 at the close of the session, down -2.20%.

Compared to the average trading volume of 7.60M shares, RF reached a trading volume of 8225716 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Regions Financial Corp. [RF]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RF shares is $21.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RF stock is a recommendation set at 2.43. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Regions Financial Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 18, 2024. The new note on the price target was released on January 23, 2024, representing the official price target for Regions Financial Corp. stock. Previously, the target price had yet another raise from $15 to $22, while Jefferies kept a Buy rating on RF stock. On January 03, 2024, analysts increased their price target for RF shares from 16.50 to 21.

The Average True Range (ATR) for Regions Financial Corp. is set at 0.40, with the Price to Sales ratio for RF stock in the period of the last 12 months amounting to 1.85. The Price to Book ratio for the last quarter was 1.11. Price to Free Cash Flow for RF in the course of the last twelve months was 7.19.

How has RF stock performed recently?

Regions Financial Corp. [RF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.28. With this latest performance, RF shares dropped by -5.24% in over the last four-week period, additionally plugging by 16.72% over the last 6 months – not to mention a rise of 4.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RF stock in for the last two-week period is set at 33.46, with the RSI for the last a single of trading hit 26.18, and the three-weeks RSI is set at 38.72 for Regions Financial Corp. [RF]. The present Moving Average for the last 50 days of trading for this stock 19.72, while it was recorded at 19.04 for the last single week of trading, and 18.23 for the last 200 days.

Regions Financial Corp. [RF]: Deeper insight into the fundamentals

Regions Financial Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.15.

Earnings analysis for Regions Financial Corp. [RF]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Regions Financial Corp. go to -0.88%.

Insider trade positions for Regions Financial Corp. [RF]

The top three institutional holders of RF stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in RF stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in RF stock with ownership which is approximately 5.8386%.

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