BB&T Corp. Stock Rating Reaffirmed by BMO Capital Markets (BBT)
BB&T Corp. (NYSE:BBT)‘s stock had its “hold” rating restated by stock analysts at BMO Capital Markets in a report issued on Thursday, AnalystRatings.Net reports. They currently have a $40.00 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 18.10% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Compass Point raised their price target on shares of BB&T Corp. (NYSE:BBT) from $42.00 to $43.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. BB&T Corp. currently has a consensus rating of “Hold” and a consensus price target of $36.48.
Shares of 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 52 week low of $26.86 and a 52 week high of $36.59. The stock’s 50-day moving average is $35.11 and its 200-day moving average is $32.90. The company has a market cap of $23.840 billion and a price-to-earnings ratio of 13.94.
BB&T Corp. (NYSE:BBT) last announced its earnings results 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. On average, analysts predict that BB&T Corp. will post $2.93 earnings per share for the current fiscal year.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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