Goldman Sachs Increases BB&T Corp. Price Target to $44.00 (BBT)
Analysts at Goldman Sachs increased their price objective on shares of BB&T Corp. (NYSE:BBT) from $43.00 to $44.00 in a research report issued to clients and investors on Monday. Goldman Sachs’ target price would suggest a potential upside of 11.99% from the company’s current price.
Shares of BB&T Corp. (NYSE:BBT) opened at 39.29 on Monday. BB&T Corp. has a one year low of $32.65 and a one year high of $41.04. The stock’s 50-day moving average is $38.1 and its 200-day moving average is $38.03. The company has a market cap of $28.230 billion and a P/E ratio of 15.09.
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 $2.97 EPS for the current fiscal year.
A number of other firms have also recently commented on BBT. 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. Fourteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.55.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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