SunTrust Banks (STI) : Average target price received by SunTrust Banks (STI) is $45.53 with an expected standard deviation of $3.16. The most aggressive target on the stock is $52, whereas the most downbeat target is $41. 16 financial analysts are currently covering the stock.
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.
Also, Bernstein downgrades its rating on SunTrust Banks (NYSE:STI). Analysts at the Bernstein have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 16, 2016.
SunTrust Banks (NYSE:STI): The stock opened at $44.19 on Thursday but the bulls could not build on the opening and the stock topped out at $44.24 for the day. The stock traded down to $43.40 during the day, due to lack of any buying support eventually closed down at $43.79 with a loss of -0.64% for the day. The stock had closed at $44.07 on the previous day. The total traded volume was 2,983,670 shares.
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.