First Financial Bancorp. (FFBC) Reaches $28.60 After 7.00% Down Move; TELUS (TU) Had 9 Analysts Last Week

April 17, 2018 - By Marguerite Chambers

First Financial Bancorp. (NASDAQ:FFBC) Logo

The stock of First Financial Bancorp. (NASDAQ:FFBC) is a huge mover today! The stock decreased 1.55% or $0.45 during the last trading session, reaching $28.6. About 233,209 shares traded. First Financial Bancorp. (NASDAQ:FFBC) has risen 6.03% since April 17, 2017 and is uptrending. It has underperformed by 5.52% the S&P500.The move comes after 6 months negative chart setup for the $2.82 billion company. It was reported on Apr, 17 by Barchart.com. We have $26.60 PT which if reached, will make NASDAQ:FFBC worth $197.05 million less.

Among 12 analysts covering Telus Corporation (NYSE:TU), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Telus Corporation had 19 analyst reports since August 4, 2015 according to SRatingsIntel. TD Securities downgraded the stock to “Hold” rating in Wednesday, March 23 report. On Thursday, January 5 the stock rating was upgraded by Canaccord Genuity to “Buy”. The company was downgraded on Thursday, December 17 by RBC Capital Markets. The stock of TELUS Corporation (NYSE:TU) earned “Neutral” rating by Bank of America on Tuesday, November 21. As per Friday, February 2, the company rating was upgraded by TD Securities. The firm has “Outperform” rating given on Friday, November 6 by RBC Capital Markets. The stock has “Buy” rating by Desjardins Securities on Thursday, August 11. The stock has “Outperform” rating by Macquarie Research on Tuesday, January 26. The rating was maintained by BMO Capital Markets on Monday, August 14 with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, August 10. See TELUS Corporation (NYSE:TU) latest ratings:

02/02/2018 Broker: TD Securities Rating: Buy Upgrade
21/11/2017 Broker: Bank of America Old Rating: Neutral New Rating: Neutral New Target: $39 Maintain
17/11/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $48 New Target: $51 Maintain
10/11/2017 Broker: Barclays Capital Rating: Overweight Old Target: $41 New Target: $42 Maintain
10/11/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Old Target: $47.00 New Target: $51.00 Upgrade

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications services and products in Canada. The company has market cap of $20.41 billion. It operates through Wireless and Wireline divisions. It has a 18.56 P/E ratio. The companyÂ’s telecommunications services and products comprise wireless and wireline voice and data; data services, including Internet protocol; television; hosting, managed information technology, and cloud services; healthcare solutions; and business process outsourcing solutions.

The stock increased 0.56% or $0.2 during the last trading session, reaching $35.65. About 102,887 shares traded. TELUS Corporation (NYSE:TU) has risen 7.22% since April 17, 2017 and is uptrending. It has underperformed by 4.33% the S&P500.

Since January 16, 2018, it had 11 insider buys, and 0 selling transactions for $71,603 activity. FINNERTY CORINNE R also bought $6,317 worth of First Financial Bancorp. (NASDAQ:FFBC) on Tuesday, January 16. 287 First Financial Bancorp. (NASDAQ:FFBC) shares with value of $8,094 were bought by Neighbours John T. Rahe Maribeth S had bought 341 shares worth $9,617. $9,391 worth of First Financial Bancorp. (NASDAQ:FFBC) was bought by Barker David S on Tuesday, January 16. 269 First Financial Bancorp. (NASDAQ:FFBC) shares with value of $7,586 were bought by olszewski richard e. Another trade for 297 shares valued at $8,376 was made by Meyer Jeffrey D on Tuesday, January 16. MURPH KNAPKE also bought $5,527 worth of First Financial Bancorp. (NASDAQ:FFBC) shares.

Among 12 analysts covering First Financial Bancorp (NASDAQ:FFBC), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. First Financial Bancorp has $33.0 highest and $17 lowest target. $28.09’s average target is -1.78% below currents $28.6 stock price. First Financial Bancorp had 31 analyst reports since August 4, 2015 according to SRatingsIntel. Sandler O’Neill maintained the shares of FFBC in report on Monday, April 2 with “Buy” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, January 25 report. The rating was upgraded by FIG Partners on Friday, January 22 to “Outperform”. The firm earned “Neutral” rating on Thursday, October 6 by PiperJaffray. The company was maintained on Tuesday, July 25 by Piper Jaffray. The stock of First Financial Bancorp. (NASDAQ:FFBC) has “Hold” rating given on Monday, October 23 by Piper Jaffray. RBC Capital Markets maintained First Financial Bancorp. (NASDAQ:FFBC) rating on Friday, January 19. RBC Capital Markets has “Hold” rating and $31.0 target. The firm has “Buy” rating by Sandler O’Neill given on Tuesday, January 26. RBC Capital Markets maintained First Financial Bancorp. (NASDAQ:FFBC) rating on Friday, July 7. RBC Capital Markets has “Hold” rating and $2900 target. On Friday, October 6 the stock rating was maintained by Piper Jaffray with “Hold”.

Analysts await First Financial Bancorp. (NASDAQ:FFBC) to report earnings on April, 19 after the close. They expect $0.46 EPS, up 17.95% or $0.07 from last year’s $0.39 per share. FFBC’s profit will be $45.28M for 15.54 P/E if the $0.46 EPS becomes a reality. After $0.45 actual EPS reported by First Financial Bancorp. for the previous quarter, Wall Street now forecasts 2.22% EPS growth.

First Financial Bancorp. (NASDAQ:FFBC) Institutional Positions Chart

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