BMO Capital Markets Upgrades SunTrust to Outperform (STI)
SunTrust (NYSE:STI) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $42.00 price objective on the stock, up from their previous price objective of $40.00. BMO Capital Markets’ price objective indicates a potential upside of 13.61% from the company’s current price.
A number of other firms have also recently commented on STI. Analysts at Barclays upgraded shares of SunTrust from an “underweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $40.00 price target on the stock, up previously from $34.00. Separately, analysts at Morgan Stanley downgraded shares of SunTrust from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, December 4th. They now have a $40.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of SunTrust in a research note to investors on Monday, November 25th. They now have a $38.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $37.14.
SunTrust (NYSE:STI) traded up 0.46% during mid-day trading on Tuesday, hitting $36.97. 4,046,826 shares of the company’s stock traded hands. SunTrust has a 1-year low of $26.93 and a 1-year high of $37.44. The stock’s 50-day moving average is $36.02 and its 200-day moving average is $34.29. The company has a market cap of $19.736 billion and a price-to-earnings ratio of 16.06.
SunTrust (NYSE:STI) last issued its quarterly earnings data on Friday, October 18th. The company reported $0.66 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.98 earnings per share. SunTrust’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that SunTrust will post $2.36 earnings per share for the current fiscal year.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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