Zacks Investment Research downgraded SunTrust Banks, Inc. (NYSE:STI) to Hold in a report released today.
- Updated: November 28, 2016
Zacks Investment Research has downgraded SunTrust Banks, Inc. (NYSE:STI) to Hold in a report released on 11/28/2016.
Previously on 11/25/2016, Zacks Investment Research reported on SunTrust Banks, Inc. (NYSE:STI) raised the target price from $0.00 to $59.00. At the time, this indicated a possible upside of 0.13%.
Yesterday SunTrust Banks, Inc. (NYSE:STI) traded -1.28% lower at $52.46. The company’s 50-day moving average is $47.46 and its 200-day moving average is $43.85. The last closing price is up 17.52% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 3,766,045 shares of the stock were exchanged, down from an average trading volume of 3,802,050
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SunTrust Banks, Inc. has a 52 week low of $31.07 and a 52 week high of $52.65 with a P/E ratio of 14.27 SunTrust Banks, Inc.’s market capitalization is presently $0.
A total of 26 brokerages have released a report on SunTrust Banks, Inc.. Seven brokerages rating the company a strong buy, eight brokerages rating the company a buy, seventeen brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $45.02.
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, Virginia and the District of Columbia.
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