SunTrust Stock Rating Upgraded by Credit Agricole (STI)
SunTrust (NYSE:STI) was upgraded by equities research analysts at Credit Agricole from an “underperform” rating to an “outperform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on STI. Analysts at Goldman Sachs Group Inc. upgraded shares of SunTrust from a “buy” rating to a “conviction-buy” rating in a research note to investors on Friday, January 10th. Separately, analysts at Merrill Lynch upgraded shares of SunTrust to a “neutral” rating in a research note to investors on Thursday, January 9th. Finally, analysts at Bank of America Corp. upgraded shares of SunTrust from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. They now have a $38.00 price target on the stock, up previously from $32.00. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.05.
SunTrust (NYSE:STI) traded up 3.29% on Friday, hitting $39.26. The stock had a trading volume of 7,194,628 shares. SunTrust has a 1-year low of $26.93 and a 1-year high of $38.58. The stock’s 50-day moving average is $36.42 and its 200-day moving average is $34.59. The company has a market cap of $20.958 billion and a price-to-earnings ratio of 16.59.
SunTrust (NYSE:STI) last announced its earnings results on Friday, January 17th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.08. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. Analysts expect that SunTrust will post $2.36 EPS for the current fiscal year.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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