SunTrust Banks, Inc. (NYSE:STI) has been downgraded to Neutral in a statement by Compass Point earlier today.
- Updated: November 26, 2016
Boasting a price of $51.82, SunTrust Banks, Inc. (NYSE:STI) traded 0.19% higher on the day. With the last stock price close up 19.88% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. SunTrust Banks, Inc. has recorded a 50-day average of $47.22 and a two hundred day average of $43.76. Volume of trade was down over the average, with 1,423,597 shares of STI changing hands under the typical 3,790,420
Compass Point has downgraded SunTrust Banks, Inc. (NYSE:STI) to Neutral in a statement released on 11/23/2016.
With a total market value of $0, SunTrust Banks, Inc. has price-earnings ratio of 14.53 with a one year low of $31.07 and a one year high of $52.65 .
A total of 26 equity analysts have released a ratings update on STI. Seven equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, seventeen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $45.02.
Brief Synopsis About 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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