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Analysts Have Conflicting Sentiments on These Financial Companies: Renaissancere Holdings (RNR), Rocket Companies (RKT) and Fifth Third Bancorp (FITB)

Tipranks - Tipranks - Fri Jun 12, 4:44AM CDT

Analysts have been eager to weigh in on the Financial sector with new ratings on Renaissancere Holdings (RNR), Rocket Companies (RKT) and Fifth Third Bancorp (FITB).

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Renaissancere Holdings (RNR)

Bank of America Securities analyst Joshua Shanker maintained a Buy rating on Renaissancere Holdings yesterday and set a price target of $401.00. The company’s shares closed last Wednesday at $295.75, close to its 52-week high of $300.00.

According to TipRanks.com, Shanker is a 5-star analyst with an average return of 6.7% and a 58.8% success rate. Shanker covers the Financial sector, focusing on stocks such as Neptune Insurance Holdings, Inc. Class A, American International Group, and Marsh & McLennan Companies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Renaissancere Holdings with a $331.70 average price target, representing a 14.5% upside. In a report released yesterday, Citi also upgraded the stock to Buy with a $345.00 price target.

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Rocket Companies (RKT)

Wells Fargo analyst Donald Fandetti maintained a Hold rating on Rocket Companies yesterday and set a price target of $17.00. The company’s shares closed last Wednesday at $12.54.

According to TipRanks.com, Fandetti is a 5-star analyst with an average return of 9.3% and a 60.4% success rate. Fandetti covers the Financial sector, focusing on stocks such as Capital One Financial, Synchrony Financial, and PennyMac Financial. ;'>

Currently, the analyst consensus on Rocket Companies is a Moderate Buy with an average price target of $19.88, which is a 52.7% upside from current levels. In a report issued on June 7, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $12.50 price target.

Fifth Third Bancorp (FITB)

In a report released yesterday, Mike Mayo from Wells Fargo maintained a Buy rating on Fifth Third Bancorp, with a price target of $58.00. The company’s shares closed last Wednesday at $52.65.

According to TipRanks.com, Mayo is a top 100 analyst with an average return of 18.2% and a 74.0% success rate. Mayo covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Bank of New York Mellon, and Goldman Sachs Group. ;'>

Fifth Third Bancorp has an analyst consensus of Strong Buy, with a price target consensus of $56.86, implying a 7.5% upside from current levels. In a report issued on June 4, TipRanks – DeepSeek also upgraded the stock to Buy with a $56.00 price target.

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