A number of research firms have changed their ratings and price targets for SunTrust Banks (NYSE: STI):
- 7/27/2017 - SunTrust Banks had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $60.00 price target on the stock.
- 7/25/2017 - SunTrust Banks had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $63.00 price target on the stock, up previously from $62.00.
- 7/23/2017 - SunTrust Banks had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
- 7/12/2017 - SunTrust Banks had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $61.00 price target on the stock.
- 7/12/2017 - SunTrust Banks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 7/6/2017 - SunTrust Banks was given a new $58.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
- 7/5/2017 - SunTrust Banks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 6/24/2017 - SunTrust Banks was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 6/14/2017 - SunTrust Banks was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 6/5/2017 - SunTrust Banks was upgraded by analysts at Robert W. Baird from an “underperform” rating to a “neutral” rating. They now have a $52.00 price target on the stock.
- 6/5/2017 - SunTrust Banks was given a new $58.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
Shares of SunTrust Banks, Inc. (STI) traded down 0.23% during midday trading on Friday, reaching $56.57. 2,625,242 shares of the company traded hands. The company has a 50-day moving average of $56.38 and a 200 day moving average of $56.52. The firm has a market capitalization of $27.32 billion, a PE ratio of 15.05 and a beta of 1.33. SunTrust Banks, Inc. has a 12-month low of $41.07 and a 12-month high of $61.69.
SunTrust Banks (NYSE:STI) last issued its quarterly earnings data on Friday, July 21st. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. SunTrust Banks had a net margin of 20.51% and a return on equity of 8.48%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm posted $0.94 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that SunTrust Banks, Inc. will post $4.03 earnings per share for the current year.
SunTrust Banks, Inc is a provider of financial services. The Company’s principal subsidiary is SunTrust Bank (the Bank). The Company’s business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. As of December 31, 2016, the Consumer Banking and Private Wealth Management segment consisted of three primary businesses: Consumer Banking, Consumer Lending and Private Wealth Management.
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