SunTrust Price Target Raised to $40.00 at Goldman Sachs Group Inc. (STI)
Investment analysts at Goldman Sachs Group Inc. lifted their target price on shares of SunTrust (NYSE:STI) from $39.00 to $40.00 in a note issued to investors on Monday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price points to a potential upside of 15.74% from the company’s current price.
Shares of SunTrust (NYSE:STI) traded down 0.32% on Monday, hitting $34.56. The stock had a trading volume of 2,622,512 shares. 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 $32.98 and its 200-day moving average is $32.19. The company has a market cap of $18.578 billion and a price-to-earnings ratio of 15.13.
SunTrust (NYSE:STI) last issued its quarterly earnings data on Friday, October 18th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.69 by $0.03. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Compass Point reiterated a “buy” rating on shares of SunTrust in a research note to investors on Friday, October 11th. Separately, analysts at ISI Group initiated coverage on shares of SunTrust in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $35.50 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of SunTrust from $45.50 to $42.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.85.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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