BB&T Corporation (BBT) : The consensus on BB&T Corporation (BBT) based on 18 analyst recommendation on the company stock is 2.17, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
BB&T Corporation (BBT) : The highest level BB&T Corporation (BBT) is projected to reach is $47 for the short term and the lowest estimate is at $34. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $39.27 and the possibility the share price can swing is $3.57.
Also, In the latest statement by the brokerage house, Baird downgrades its outlook on BB&T Corporation (NYSE:BBT). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on July 11, 2016.
BB&T Corporation (NYSE:BBT): After opening at $37.27, the stock dipped to an intraday low of $37.15 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.18 and the buying power remained strong till the end. The stock closed at $38.11 for the day, a gain of 1.82% for the day session. The total traded volume was 5,091,339. The stocks close on the previous trading day was $37.43.
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.