Stephens raised the price target for the Fulton Financial Corporation (NASDAQ:FULT) stock from “an Equal-weight” to “an Overweight”. The rating was released on April 21, 2022, according to finviz. The research report from Stephens has initiated the stock to Equal-Weight, with a price target set at $12. In their research brief published October 03, 2018, Barclays analysts upgraded the Fulton Financial Corporation stock from Underweight to Overweight with a price target of $19.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Fulton Financial Corporation (NASDAQ:FULT) dipped -0.59% to close Wednesday’s market session at $18.45, lower as compared to yesterday’s close. The stock price fluctuated between $18.43 and $18.59 throughout the trading session with the volume trading being 474464 shares, which represented a significant variation when compared to the three months average volume of 921.22K shares. The firm’s stock price fluctuated 1.54% within the last five trades and 4.24% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 18.57% in the last 6 months and 8.72% was added to its value over the previous 3 months. FULT stock is trading at a margin of 1.19%, 6.74% and 11.90% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FULT deals in the Financial domain. The stock is trading -3.76 percent below its 52-week high and 34.52 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 17.8. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Fulton Financial Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 92.00 percent and the profit margin is 33.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.06 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Fulton Financial Corporation (NASDAQ:FULT) is 11.77. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.39. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.95 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.36, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.60 percent of Fulton Financial Corporation shares are owned by insiders, and 66.90 percent are held by financial institutions. Etter Steven S, the Director at Fulton Financial Corporation (FULT) has sold 18,000 shares of firm on Nov 11 at a price of $18.61 against the total amount of $0.33 million. In another inside trade, Snyder Angela M, Sr Executive Vice President of Fulton Financial Corporation (NASDAQ:FULT) sold 4,818 shares of the firm on Oct 31 for a total worth of $87835.0 at a price of $18.23. An inside trade which took place on Aug 16, Sr Executive Vice President of Fulton Financial Corporation Snyder Angela M sold 4,138 shares of firm against total price of $72551.0 at the cost of $17.53 per share.