SunTrust Banks, Inc. (NYSE:STI) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 26, 2016
Zacks Investment Research has downgraded SunTrust Banks, Inc. (NYSE:STI) to Hold in a report released on Monday September 26, 2016.
Previously on 09/21/2016, Zacks Investment Research reported on SunTrust Banks, Inc. (NYSE:STI) increased the target price from $0.00 to $49.00. At the time, this indicated a possible upside of 0.12%.
Just yesterday SunTrust Banks, Inc. (NYSE:STI) traded -3.30% lower at $43.39. SunTrust Banks, Inc.’s 50-day moving average is $43.24 and its 200-day moving average is $41.15. The last closing price is up 3.81% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,740,472 shares of STI traded hands, up from an average trading volume of 3,516,550
Recent Performance Chart
SunTrust Banks, Inc. has 52 week low of $31.07 and a 52 week high of $45.24 with a PE ratio of 11.57 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 26 brokers have issued a research note on the company. The average stock price target is $45.02 with 7 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 17 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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, Virginia and the District of Columbia.
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