Boston, MA 10/15/2013 (wallstreetpr) – The recent market rally has finally pushed Regions Financial Corporation (NYSE:RF) to a new territory. The stock is a now a buy with a potential of putting massive profits into the hands of investors.
To enter the buy territory, regions has outpaced several of its peers in an industry has recently produced a lot of casualties. The strength points in Regions can be seen in improved control of expenses, increasing capital returns and growing loan inventory.
Analysts have predicted vary attractive upside in the next 12 months. This is therefore a short-term and long-term investment stock. In this view, it goes without saying that for investors looking for quick gains, Regions meets the bill.
As of Monday, October 14, 2013, Regions’ market capitalization stands at $13.57 billion. The stock positive rally was continued on Monday.
For the current financial year, Regions is expected to post $0.84 earning per share. In its Q2.13 earnings, the company posted $0.18 in per share earnings.
In the face of these encouraging performances, Regions has had several analysts’ sentiments. So far at least 24 equities research analysts have echoed their comment on the stock. Among these analysts, 16 have assigned the stock a “buy” rating, five have issued a “hold” rating and one analyst has a “strong buy” on the stock. Only one researcher has issued a “sell” rating on Regions.
On average, the stock now has a consensus “buy” at a price objective of $10.03. Currently regions’ shares trade between $9.50 and $9.73. So it means that the consensus price target indicates an upside move of the share value.
Regions Financial is a successful bank holding company. It offers a wide range of financial services which include traditional banking of which it has many branches. It is also into retail and mortgage financial and banking services. The company might be having its weaknesses, but the visible strengths outweigh such weaknesses and this makes the stock a good buy just as indicated by equities investment researchers.
