BB&T Corp. Price Target Raised to $43.00 at Compass Point (BBT)
Equities research analysts at Compass Point lifted their target price on shares of BB&T Corp. (NYSE:BBT) from $42.00 to $43.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Compass Point’s price objective suggests a potential upside of 26.96% from the company’s current price.
A number of other analysts have also recently weighed in on BBT. Analysts at Zacks reiterated a “neutral” rating on shares of BB&T Corp. (NYSE:BBT) in a research note to investors on Friday, August 23rd. They now have a $37.50 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of BB&T Corp. (NYSE:BBT) from $38.00 to $40.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of BB&T Corp. (NYSE:BBT) from $38.50 to $40.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock.
Twenty analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.48.
BB&T Corp. (NYSE:BBT) traded up 0.03% on Thursday, hitting $33.87. 2,400,720 shares of the company’s stock traded hands. BB&T Corp. has a one year low of $26.86 and a one year high of $36.59. The stock’s 50-day moving average is $35.17 and its 200-day moving average is $32.89. The company has a market cap of $23.840 billion and a P/E ratio of 13.94.
BB&T Corp. (NYSE:BBT) last released its earnings data on Thursday, July 18th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.03. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts expect that BB&T Corp. will post $2.93 EPS for the current fiscal year.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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