SunTrust Receives Average Recommendation of “Buy” from Brokerages (NYSE:STI)
Shares of SunTrust (NYSE:STI) have earned a consensus recommendation of “Buy” from the twenty-two analysts that are currently covering the company, Analyst Ratings News reports. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $41.98.
A number of research firms have recently commented on STI. Analysts at Zacks reiterated a “neutral” rating on shares of SunTrust in a research note on Wednesday. They now have a $40.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SunTrust in a research note on Wednesday, July 23rd. They now have a $43.00 price target on the stock, down previously from $44.00. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of SunTrust in a research note on Tuesday, July 22nd. They now have a $46.00 price target on the stock, down previously from $47.00.
SunTrust (NYSE:STI) traded down 0.18% during mid-day trading on Friday, hitting $37.84. 299,102 shares of the company’s stock traded hands. SunTrust has a one year low of $31.59 and a one year high of $41.26. The stock’s 50-day moving average is $38.19 and its 200-day moving average is $38.70. The company has a market cap of $20.046 billion and a P/E ratio of 14.87.
SunTrust (NYSE:STI) last released its earnings data on Monday, July 21st. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.08. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company posted $0.68 earnings per share. SunTrust’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that SunTrust will post $3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, August 27th.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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