BB&T Corp. Price Target Raised to $43.00 at UBS AG (BBT)
Investment analysts at UBS AG lifted their price target on shares of BB&T Corp. (NYSE:BBT) to $43.00 in a note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective suggests a potential upside of 11.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Hilliard Lyons downgraded shares of BB&T Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at RBC Capital raised their price target on shares of BB&T Corp. from $40.00 to $42.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of BB&T Corp. from $42.00 to $45.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. BB&T Corp. has an average rating of “Buy” and an average price target of $38.61.
Shares of BB&T Corp. (NYSE:BBT) traded up 0.62% on Friday, hitting $38.97. 1,989,182 shares of the company’s stock traded hands. BB&T Corp. has a 52-week low of $29.18 and a 52-week high of $38.95. The stock has a 50-day moving average of $36.53 and a 200-day moving average of $35.00. The company has a market cap of $27.471 billion and a price-to-earnings ratio of 18.02.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.03. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the company posted $0.71 earnings per share. BB&T Corp.’s revenue was down 6.0% compared to the same quarter last year. On average, analysts predict that BB&T Corp. will post $3.02 earnings per share for the current fiscal year.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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