CLSA Maintains SunTrust Banks to Buy with Price Target $54.00

Brokerage firm CLSA Maintains its rating on SunTrust Banks(NYSE:STI). In a research note issued to the investors, the brokerage major Raises the price-target to $54.00 per share. The shares have been rated Buy. The rating by CLSA was issued on Sep 23, 2016.

In a different note, On Aug 16, 2016, Bernstein said it Downgrades its rating on SunTrust Banks. The shares have been rated ‘Market Perform’ by the firm. On Jul 25, 2016, Goldman Sachs said it Maintains its rating on SunTrust Banks. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, Baird said it Downgrades its rating on SunTrust Banks.

SunTrust Banks (STI) made into the market gainers list on Tuesdays trading session with the shares advancing 1.43% or 0.61 points. Due to strong positive momentum, the stock ended at $43.33, which is also near the day’s high of $43.34. The stock began the session at $42.57 and the volume stood at 28,95,276 shares. The 52-week high of the shares is $45.24 and the 52 week low is $31.065. The company has a current market capitalization of $21,480 M and it has 49,57,38,820 shares in outstanding.

SunTrust Banks(STI) last announced its earnings results on Jul 22, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.22B. Analysts had an estimated revenue of $2.14B. Earnings per share were $0.89. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Raymond D Fortin (Corp. EVP & General Counsel) sold 111,640 shares at $0.00 per share price.Also, On Aug 22, 2016, Jerome T Lienhard (CEVP and Chief Risk Officer) sold 16,729 shares at $0.00 per share price.On Jul 28, 2016, Mark A Chancy (Corp. EVP-Wholesale Bank Exec) sold 28,390 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

SunTrust Banks - Is it time to Sell?

Top Brokerage Firms are advising their investors on SunTrust Banks. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.