Fulton Financial Corp. (NASDAQ:FULT) was downgraded by Sandler O’Neill from a “buy” rating to a “hold” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at BB&T Corp. downgraded shares of Fulton Financial Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 10th. They now have a $12.00 price target on the stock. They noted that the move was a valuation call. Analysts at Credit Suisse downgraded shares of Fulton Financial Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, June 21st. They now have a $9.50 price target on the stock.
One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $11.94.
Shares of Fulton Financial Corp. (NASDAQ: FULT) remained flat at $12.58 during during mid-day trading trading on Thursday. Fulton Financial Corp. has a one year low of $9.13 and a one year high of $13.00. The stock’s 50-day moving average is currently $11.72. The company has a market cap of $2.455 billion and a P/E ratio of 15.53.
Fulton Financial Corp. (NASDAQ:FULT) last released its earnings data on Tuesday, July 23rd. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, analysts predict that Fulton Financial Corp. will post $0.80 earnings per share for the current fiscal year.
Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank, N.
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