Fulton Financial Corp (FULT) stock expected to loss -8.27% in the coming months

At the time of writing, Fulton Financial Corp [FULT] stock is trading at $21.15, up 0.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The FULT shares have gain 2.42% over the last week, with a monthly amount glided 14.76%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Fulton Financial Corp [NASDAQ: FULT] stock has seen the most recent analyst activity on April 29, 2024, when Janney upgraded its rating to a Buy but kept the price target unchanged to $19.50 for it. Previously, Stephens downgraded its rating to Equal-Weight on December 14, 2023, and elevated its price target to $16. On January 10, 2023, Janney initiated with a Neutral rating and assigned a price target of $19.50 on the stock. Stephens upgraded its rating to a Overweight but stick to its price target of $20.50 on April 21, 2022. Raymond James upgraded its rating to a Outperform. Stephens started tracking with a Equal-Weight rating for this stock on June 01, 2020, and assigned it a price target of $12. In a note dated January 17, 2019, Piper Jaffray downgraded an Neutral rating on this stock.

For the past year, the stock price of Fulton Financial Corp fluctuated between $13.84 and $21.65. Currently, Wall Street analysts expect the stock to reach $19.4 within the next 12 months. Fulton Financial Corp [NASDAQ: FULT] shares were valued at $21.15 at the most recent close of the market. An investor can expect a potential drop of -8.27% based on the average FULT price forecast.

Analyzing the FULT fundamentals

According to Fulton Financial Corp [NASDAQ:FULT], the company’s sales were 1.74B for trailing twelve months, which represents an 27.34% jump. Gross Profit Margin for this corporation currently stands at 1.11% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.

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 20.89 points at the first support level, and at 20.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.35, and for the 2nd resistance point, it is at 21.54.

Ratios To Look Out For

It is important to note that Fulton Financial Corp [NASDAQ:FULT] has a current ratio of 0.11. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 13.34.

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