SunTrust Banks (STI) Receives ‘Analyst’ Rating

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.

SunTrust Banks (STI) stock is expected to deviate a maximum of $3.16 from the average target price of $45.53 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $41.


Also, Equity Analysts at the Bernstein downgrades the rating on SunTrust Banks (NYSE:STI). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 16, 2016.

SunTrust Banks (NYSE:STI): After opening at $42.86, the stock dipped to an intraday low of $42.86 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $44.16 and the buying power remained strong till the end. The stock closed at $44.11 for the day, a gain of 1.61% for the day session. The total traded volume was 3,289,128. The stocks close on the previous trading day was $43.41.

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.

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