Wedbush disclosed SunTrust Banks (NYSE:STI), hiking its price target to $47.00 earlier today
- Updated: October 6, 2016
Having a price of $45.79, SunTrust Banks (NYSE:STI) traded 0.13% higher on the day. With the last close up 10.02% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. STI has recorded a 50-day average of $43.61 and a two hundred day average of $41.62. Trade Volume was up over the average, with 3,875,054 shares of STI changing hands over the typical 3,337,740
Reporting a potential upside of 0.03%, Wedbush upped the price target of SunTrust Banks (NYSE:STI) to $47.00
Recent Performance Chart
SunTrust Banks has PE ratio of 12.40 with a one year low of $31.07 and a one year high of $46.21 and has a market capitalization of $0.
A total of 26 analysts have released a report on SunTrust Banks. Seven analysts rating the company a strong buy, eight analysts rating the company a buy, seventeen analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $45.02.
General Company Details For SunTrust Banks (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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