SunTrust Upgraded to Buy at Compass Point (STI)
SunTrust (NYSE:STI) was upgraded by Compass Point from a “neutral” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Shares of SunTrust (NYSE:STI) opened at 33.26 on Thursday. SunTrust has a 1-year low of $25.30 and a 1-year high of $36.29. The stock has a 50-day moving average of $34.07 and a 200-day moving average of $31.36. The company has a market cap of $17.800 billion and a P/E ratio of 8.45.
SunTrust (NYSE:STI) last posted its quarterly earnings results on Friday, July 19th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, analysts predict that SunTrust will post $2.73 earnings per share for the current fiscal year.
A number of other firms have also recently commented on STI. Analysts at Deutsche Bank upgraded shares of SunTrust (NYSE:STI) from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 6th. They now have a $39.00 price target on the stock, up previously from $36.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of SunTrust (NYSE:STI) in a research note to investors on Monday, August 26th. They now have a $36.00 price target on the stock. Finally, analysts at Drexel Hamilton upgraded shares of SunTrust (NYSE:STI) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, August 15th. They now have a $40.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.09.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, August 28th.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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