Regions Financial Corp. (RF) stock forecast: Can it reach its 52-week high of $23.82

At the time of writing, Regions Financial Corp. [RF] stock is trading at $23.85, up 0.68%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RF shares have gain 4.56% over the last week, with a monthly amount glided 8.56%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Regions Financial Corp. [NYSE: RF] stock has seen the most recent analyst activity on September 24, 2024, when Wedbush upgraded its rating to a Outperform and also boosted its price target to $28 from $23. Previously, Citigroup upgraded its rating to Buy on March 18, 2024, and elevated its price target to $23. On January 23, 2024, downgrade downgraded it’s rating to Hold. Jefferies upgraded its rating to a Buy and increased its price target to $22 on January 09, 2024. Evercore ISI downgraded its rating to a In-line and raised its price target to $21 on January 03, 2024. Barclays downgraded its rating to Underweight for this stock on January 02, 2024, and upped its price target to $22. In a note dated November 13, 2023, Odeon downgraded an Hold rating on this stock but restated the target price of $17.10.

For the past year, the stock price of Regions Financial Corp. fluctuated between $13.72 and $23.82. Currently, Wall Street analysts expect the stock to reach $24.48 within the next 12 months. Regions Financial Corp. [NYSE: RF] shares were valued at $23.85 at the most recent close of the market. An investor can expect a potential return of 2.64% based on the average RF price forecast.

Analyzing the RF fundamentals

According to Regions Financial Corp. [NYSE:RF], the company’s sales were 9.22B for trailing twelve months, which represents an -0.87% plunge. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.57 points at the first support level, and at 23.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.05, and for the 2nd resistance point, it is at 24.25.

Ratios To Look Out For

It is important to note that Regions Financial Corp. [NYSE:RF] has a current ratio of 0.12. Considering the valuation of this stock, the price to sales ratio is 2.37, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 13.40.

Transactions by insiders

Recent insider trading involved Ritter William D., SEVP, that happened on May 03 ’24 when 23000.0 shares were sold. Director, RHODES WILLIAM C III completed a deal on Apr 23 ’24 to buy 50000.0 shares. Meanwhile, SEVP & CRO Lusco C. Matthew sold 28617.0 shares on Dec 08 ’23.

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