Zacks Investment Research announced SunTrust Banks, Inc. (NYSE:STI), stepping up its target to $49.00 earlier today
- Updated: September 25, 2016
Having a price of $43.78, SunTrust Banks, Inc. (NYSE:STI) traded 0.07% higher on the day. With the last close up 7.36% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. SunTrust Banks, Inc. has recorded a 50-day average of $43.24 and a two hundred day average of $41.15. Volume of trade was down over the average, with 3,346,577 shares of STI changing hands under the typical 3,516,550
SunTrust Banks, Inc. (NYSE:STI) had its stock price target upped to $49.00 by Zacks Investment Research in an issued report released Wednesday September 21, 2016. The new target price suggests a potential upside of 0.12% based on the company's most recent close.
On 8/25/2016, Robert W. Baird released a statement on SunTrust Banks, Inc. (NYSE:STI) upped the target price from $0.00 to $41.00 that suggested a downside of -0.04%.
With a total market value of $0, SunTrust Banks, Inc. has price-earnings ratio of 11.96 with a one year low of $31.07 and a one year high of $45.24 .
A total of 26 equity analysts have released a research note 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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