Morningstar Issues “A-” Credit Rating to BB&T Corp. (BBT)
BB&T Corp. (NYSE:BBT) has earned an “A-” credit rating from analysts at Morningstar. The firm’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
A number of other firms have also recently commented on BBT. Analysts at Zacks reiterated a “neutral” rating on shares of BB&T Corp. in a research note on Monday, August 25th. They now have a $38.50 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of BB&T Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of BB&T Corp. in a research note on Tuesday, July 22nd. They now have a $41.00 price target on the stock, down previously from $42.00. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.86.
Shares of BB&T Corp. (NYSE:BBT) opened at 37.53 on Wednesday. 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 $37.21 and a 200-day moving average of $38.2. The company has a market cap of $27.006 billion and a P/E ratio of 15.55.
BB&T Corp. (NYSE:BBT) last released its earnings data on Monday, July 21st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.04. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, analysts predict that BB&T Corp. will post $2.79 earnings per share for the current fiscal year.
BB&T Corporation (NYSE:BBT) is a financial holding company.
To view more credit ratings from Morningstar, visit www.morningstar.com.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.