BB&T Corporation (BBT) : Analyst Rating Update

BB&T Corporation (BBT) : 10 brokerage houses believe that BB&T Corporation (BBT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BB&T Corporation (BBT). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

BB&T Corporation (BBT) : Average target price received by BB&T Corporation (BBT) is $39.33 with an expected standard deviation of $3.59. The most aggressive target on the stock is $47, whereas the most downbeat target is $34. 16 financial analysts are currently covering the stock.

BB&T Corporation (NYSE:BBT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.91 and $33.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.46, notching a gain of 0.70% for the day. The total traded volume was 3,509,197 . The stock had closed at $34.22 on the previous day.

Also, Sandler ONeill downgrades its view on BB&T Corporation (NYSE:BBT) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 29, 2016. The company shares have dropped -14.04% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $41.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $35.60 and the 200 Day Moving Average price is recorded at $34.34.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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