Suntrust Banks Inc. (NYSE:STI) has been downgraded from Outperform to Market Perform in a statement by Bernstein earlier today.
- Updated: September 17, 2016
Just yesterday Suntrust Banks Inc. (NYSE:STI) traded 0.91% lower at $42.14. The company’s 50-day moving average is $42.83 and its two hundred day moving average is $40.76. The last stock price is up 7.25% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. 4,119,975 shares of STI traded, up from ann average trading volume of 3,520,890.
Bernstein has downgraded Suntrust Banks Inc.(NYSE:STI) from Outperform to Market Perform in a statement released Tuesday August 16 2016.
On Tuesday July 26 2016, Compass Point released a statement on Suntrust Banks Inc.(NYSE:STI) upped the target price from $45.00 to $48.00. At the time, this indicated a possible upside of 0.13%.
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A total of 26 firms have released a report on Suntrust Banks Inc.. Seven firms rate the stock a strong buy, eight analysts rate the stock a buy, 17 analyts rate the stock a hold, one firm rate the stock to underperform, and finally 0 brokeragesrate the stock as sell with an average target stock price of $45.02
With a market cap of $0.0, Suntrust Banks Inc. has a PE of 12 with a one-year low of $31.07 and a 52 week high of $45.24.
General Company Details For Suntrust Banks Inc. (NYSE:STI)
SunTrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Company’s other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. The Company operates through three segments: Consumer Banking and Private Wealth Management, Wholesale Banking and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Company’s investment securities portfolio, long-term debt, end user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and real estate assets. The Company operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, and Virginia and the District of Columbia.
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