BB&T Corp. Given Consensus Recommendation of “Hold” by Analysts (NYSE:BBT)
BB&T Corp. (NYSE:BBT) has been given an average rating of “Hold” by the twenty-three analysts that are currently covering the company, American Banking and Market News reports. Fourteen research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $40.30.
BBT has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of BB&T Corp. in a research note on Friday, May 30th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BB&T Corp. in a research note on Friday, May 23rd. They now have a $39.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of BB&T Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $46.50 price target on the stock.
In other BB&T Corp. news, Director Nido R. Qubein sold 5,462 shares of BB&T Corp. stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $38.44, for a total value of $209,959.28. The transaction was disclosed in a document filed with the SEC, which is available at this link.
BB&T Corp. (NYSE:BBT) traded down 0.92% on Thursday, hitting $38.76. The stock had a trading volume of 373,387 shares. BB&T Corp. has a 52 week low of $32.65 and a 52 week high of $41.04. The stock has a 50-day moving average of $38.1 and a 200-day moving average of $38.03. The company has a market cap of $27.849 billion and a P/E ratio of 15.11.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results 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. On average, analysts predict that BB&T Corp. will post $2.97 earnings per share for the current fiscal year.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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