Renasant Corp [NYSE: RNST] stock went on an upward path that rose over 0.62% on Monday, amounting to a one-week price decrease of less than -5.17%.
Over the last 12 months, RNST stock rose by 9.06%. The one-year Renasant Corp stock forecast points to a potential upside of 22.0. The average equity rating for RNST stock is currently 1.83, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.16 billion, with 63.57 million shares outstanding and 54.94 million shares in the current float. Compared to the average trading volume of 593.03K shares, RNST stock reached a trading volume of 8382908 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Renasant Corp [RNST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RNST shares is $43.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RNST stock is a recommendation set at 1.83. 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.
Hovde Group have made an estimate for Renasant Corp shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on November 13, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $34 to $40. The new note on the price target was released on August 05, 2024, representing the official price target for Renasant Corp stock. Previously, the target price had yet another raise from $38 to $39, while Hovde Group kept a Outperform rating on RNST stock. On July 31, 2024, analysts increased their price target for RNST shares from 34 to 41.
The Average True Range (ATR) for Renasant Corp is set at 1.01, with the Price to Sales ratio for RNST stock in the period of the last 12 months amounting to 1.98. The Price to Book ratio for the last quarter was 0.81. Price to Free Cash Flow for RNST in the course of the last twelve months was 18.66.
RNST Stock Performance Analysis:
Renasant Corp [RNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.17. With this latest performance, RNST shares dropped by -6.27% in over the last four-week period, additionally plugging by 6.20% over the last 6 months – not to mention a rise of 9.06% 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 RNST stock in for the last two-week period is set at 38.92, with the RSI for the last a single of trading hit 36.66, and the three-weeks RSI is set at 40.78 for Renasant Corp [RNST]. The present Moving Average for the last 50 days of trading for this stock 36.35, while it was recorded at 34.78 for the last single week of trading, and 34.52 for the last 200 days.
Insight into Renasant Corp Fundamentals:
Renasant Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.08.
Renasant Corp [RNST] Institutonal Ownership Details
There are presently around $94.36%, or 96.34%% of RNST stock, in the hands of institutional investors. The top three institutional holders of RNST stocks are: BLACKROCK INC. with ownership of 8.17 million shares, which is approximately 14.4933%. VANGUARD GROUP INC, holding 6.35 million shares of the stock with an approximate value of $$194.02 million in RNST stocks shares; and VANGUARD GROUP INC, currently with $$118.79 million in RNST stock with ownership which is approximately 6.9199%.
