BB&T Corp. Given “Hold” Rating at Jefferies Group (BBT)
BB&T Corp. (NYSE:BBT)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Monday, Stock Ratings News reports. They currently have a $42.00 price objective on the stock. Jefferies Group’s price target suggests a potential upside of 10.21% from the stock’s previous close.
Shares of BB&T Corp. (NYSE:BBT) traded up 0.82% on Monday, hitting $38.11. 3,804,992 shares of the company’s stock traded hands. BB&T Corp. has a 1-year low of $29.77 and a 1-year high of $41.04. The stock has a 50-day moving average of $39.3 and a 200-day moving average of $36.77. The company has a market cap of $27.166 billion and a price-to-earnings ratio of 14.60.
BB&T Corp. (NYSE:BBT) last released its earnings data on Thursday, April 17th. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Analysts expect that BB&T Corp. will post $2.99 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer initiated coverage on shares of BB&T Corp. in a research note on Monday. They set a “market perform” rating and a $42.00 price target on the stock. Finally, analysts at Compass Point reiterated a “buy” rating on shares of BB&T Corp. in a research note on Monday. They now have a $42.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. BB&T Corp. currently has a consensus rating of “Hold” and an average price target of $39.68.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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