SunTrust Banks (STI) has an average broker rating of 1.91, which is interpreted as a Buy, as rated by 22 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 9 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.
SunTrust Banks (STI) : Average target price received by SunTrust Banks (STI) is $45.83 with an expected standard deviation of $2.73. The most aggressive target on the stock is $52, whereas the most downbeat target is $41. 20 financial analysts are currently covering the stock.
SunTrust Banks (NYSE:STI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.07 and $38.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.18, notching a gain of 1.72% for the day. The total traded volume was 5,226,759 . The stock had closed at $39.50 on the previous day.
Also, In a research note released to the investors, Susquehanna downgrades its rating on SunTrust Banks (NYSE:STI).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Positive by the brokerage firm. The rating by the firm was issued on June 7, 2016. The company shares have dropped -6.93% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $45.84 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.06 and the 200 Day Moving Average price is recorded at $38.80.
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.