SunTrust Price Target Lowered to $42.00 at Guggenheim (STI)
Guggenheim lowered their target price on shares of SunTrust (NYSE:STI) from $45.50 to $42.00 in a research note issued on Monday, ARN reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective suggests a potential upside of 29.55% from the stock’s previous close.
Shares of SunTrust (NYSE:STI) traded down 0.55% on Monday, hitting $32.42. 5,057,154 shares of the company’s stock traded hands. SunTrust has a 52-week low of $25.30 and a 52-week high of $36.29. The stock’s 50-day moving average is $33.39 and its 200-day moving average is $31.76. The company has a market cap of $17.350 billion and a price-to-earnings ratio of 8.28.
SunTrust (NYSE:STI) last issued its quarterly earnings data on Friday, July 19th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $0.50 earnings per share. On average, analysts predict that SunTrust will post $2.72 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on STI. Analysts at JPMorgan Chase & Co. raised their price target on shares of SunTrust (NYSE:STI) from $36.00 to $38.50 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. Separately, analysts at Compass Point upgraded shares of SunTrust (NYSE:STI) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 12th. Finally, 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. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $35.48.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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