Brokerage Firm Rating Update on SunTrust Banks (STI)

SunTrust Banks (STI) has an average broker rating of 2.12, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

SunTrust Banks (STI) : The highest level SunTrust Banks (STI) is projected to reach is $52 for the short term and the lowest estimate is at $41. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $45.53 and the possibility the share price can swing is $3.16.


For the current week, the company shares have a recommendation consensus of Buy. Also, Bernstein downgrades its view on SunTrust Banks (NYSE:STI) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on August 16, 2016.

SunTrust Banks (NYSE:STI): The stock opened at $43.2 and touched an intraday high of $43.61 on Wednesday. During the day, the stock corrected to an intraday low of $42.95, however, the bulls stepped in and pushed the price higher to close in the green at $43.56 with a gain of 0.39% for the day. The total traded volume for the day was 2,832,650. The stock had closed at $43.39 in the previous trading session.

Suntrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Companys other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Companys investment securities portfolio, long-term debt, end-user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.

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