BB&T Corp. Given Average Recommendation of “Hold” by Brokerages (NYSE:BBT)
Shares of BB&T Corp. (NYSE:BBT) have received a consensus rating of “Hold” from the twenty-seven brokerages that are currently covering the company, AmericanBankingNews.com reports. Fourteen analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $38.74.
Shares of BB&T Corp. (NYSE:BBT) remained flat at $37.39 during during mid-day trading trading on Wednesday. 523,669 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 $39.34. The stock has a 50-day moving average of $37.78 and a 200-day moving average of $35.35. The company has a market cap of $26.420 billion and a price-to-earnings ratio of 17.07.
BB&T Corp. (NYSE:BBT) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts predict that BB&T Corp. will post $3.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Wednesday, February 12th.
A number of analysts have recently weighed in on BBT shares. Analysts at Morgan Stanley downgraded shares of BB&T Corp. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 28th. They now have a $43.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Credit Suisse cut their price target on shares of BB&T Corp. from $42.00 to $41.00 in a research note on Friday, January 17th. Finally, analysts at UBS AG raised their price target on shares of BB&T Corp. from $41.00 to $43.00 in a research note on Friday, January 17th. They now have a “buy” rating on the stock.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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