BB&T Corp. Price Target Increased to $36.50 by Analysts at JPMorgan Chase & Co. (BBT)
Investment analysts at JPMorgan Chase & Co. raised their target price on shares of BB&T Corp. (NYSE:BBT) from $35.50 to $36.50 in a note issued to investors on Wednesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 3.69% from the company’s current price.
A number of other analysts have also recently weighed in on BBT. Analysts at Goldman Sachs Group Inc. upgraded shares of BB&T Corp. (NYSE:BBT) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $39.00 price target on the stock, up previously from $37.00. Separately, analysts at BMO Capital Markets reiterated a “hold” rating on shares of BB&T Corp. (NYSE:BBT) in a research note to investors on Thursday, September 12th. They now have a $40.00 price target on the stock. Finally, 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, September 12th. They now have a “buy” rating on the stock.
Nineteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. BB&T Corp. currently has an average rating of “Hold” and an average price target of $36.56.
Shares of BB&T Corp. (NYSE:BBT) traded up 0.40% on Wednesday, hitting $35.20. The stock had a trading volume of 5,299,310 shares. 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 $35.01 and its 200-day moving average is $33.04. The company has a market cap of $24.776 billion and a P/E ratio of 14.43.
BB&T Corp. (NYSE:BBT) last released its earnings data on Thursday, July 18th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter 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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