Regions Financial Corporation (RF), based in Birmingham, Alabama, offers various banking and financial services. The company, valued at $22.6 billion, has outperformed the market in the past year, with shares rising 23.4%. Q2 earnings beat expectations, with revenue up 7% and adjusted earnings per share at $0.60, exceeding Wall Street estimates.
Analysts project RF’s EPS to grow 9.4% this fiscal year to $2.32, based on strong performance and consistent beating of consensus estimates. Of the 25 analysts covering the stock, the consensus rating is a “Moderate Buy,” with a mix of strong buy, moderate buy, hold, and one strong sell rating.
Recently, JPMorgan Chase & Co. analyst Vivek Juneja maintained a “Hold” rating on RF with a price target of $27.50, suggesting a 9.2% potential upside. The mean price target of $28.27 represents a 12.3% premium, while the highest target of $33 indicates a 31.1% upside from current levels.
Read more at Yahoo Finance: Is Wall Street Bullish or Bearish on Regions Financial Stock?
