Royal Bank of Canada Reaffirms Buy Rating for SunTrust Banks, Inc. (STI)

Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. SunTrust Banks has a 1-year low of $44.25 and a 1-year high of $61.69. In terms of the stock price in relation to its moving averages, company shares are 3.63% away from the 20-day moving average and 5.94% off of the 50-day average. Credit Suisse Group raised shares of SunTrust Banks from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $56.00 to $60.00 in a report on Monday. Citigroup maintained the stock with "Neutral" rating in Monday, April 25 report. Finally, Wells Fargo & Company began coverage on SunTrust Banks in a report on Wednesday, August 9th. UBS AG restated a neutral rating and issued a $62.00 price objective (up from $61.00) on shares of SunTrust Banks in a report on Friday.

More important recent SunTrust Banks, Inc. STI's 9-day MACD now sits below the 20-day MACD, indicating that STI's upside momentum has decreased during the last three weeks. Keefe Bruyette & Woods has "Hold" rating and $5800 target. AQR Capital Management LLC raised its position in shares of SunTrust Banks by 47.3% in the fourth quarter. Among holders that decreased their positions, 55 sold out of the stock SunTrust Banks, Inc. The firm has "Hold" rating by BMO Capital Markets given on Tuesday, October 3. SunTrust Banks's quarterly revenue was up 2.0% compared to the same quarter a year ago. FBR Capital has "Outperform" rating and $49 target. Guggenheim initiated the shares of STI in report on Thursday, October 8 with "Neutral" rating. Therefore 45% are positive. The rating was maintained by Cowen & Co on Monday, October 26 with "Market Perform". The rating was maintained by RBC Capital Markets on Thursday, July 27 with "Buy". The stock has "Underweight" rating by Morgan Stanley on Monday, November 14. Peel Hunt downgraded the stock to "Hold" rating in Thursday, October 13 report. As per Wednesday, November 30, the company rating was upgraded by Goldman Sachs. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/10/11/suntrust-banks-inc-sti-stock-rating-upgraded-by-credit-suisse-group.html. The firm has "Neutral" rating by Susquehanna given on Tuesday, June 7.

Investors sentiment decreased to 0.92 in Q2 2017. Its down 0.05, from 0.97 in 2017Q1. It worsened, as 51 investors sold STI shares while 249 reduced holdings. 65 funds opened positions while 210 raised stakes. The funds in our partner's database now own: 385.84 million shares, down from 389.82 million shares in 2017Q1. Axa stated it has 0.03% in SunTrust Banks, Inc. The percentage of shares being held by the company management was 0.1% while institutional stake was 99.8%. (NYSE:STI). Cipher Lp reported 0.14% in SunTrust Banks, Inc. (NYSE:STI) shares have been seen trading -1.70% off of the 50-day peak and 15.95% away from the 50-day bottom. New York-based Cap One National Association has invested 0.29% in SunTrust Banks, Inc. (NYSE:STI). Nuveen Asset Mgmt Limited Liability has 0.05% invested in SunTrust Banks, Inc. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. Lombard Odier Asset Mngmt (Europe) Limited, United Kingdom-based fund reported 6,484 shares. James Invest Rech Inc invested in 72 shares or 0% of the stock. (NYSE:STI). Argent Tru invested in 0.07% or 4,653 shares. Forest Hill Cap Limited has 106,492 shares. Deutsche Bank maintained SunTrust Banks, Inc. On average, analysts anticipate that SunTrust Banks will post $4.05 EPS for the current year. (NYSE:STI) have been on a number of investor watchlists of late. Over the past year Company's shares have been trading in the range of $44.25 and $61.69. Guardian Life Insurance Co. of America raised its stake in shares of SunTrust Banks by 1.0% in the first quarter.

SunTrust Banks, Inc is a provider of financial services.

SunTrust Banks, Inc. has a beta of 2.36, offering the possibility of a higher rate of return, but also posing more risk. It has a 16.12 P/E ratio. The Company's business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. (NASDAQ:TRIP) traded up 1.03% in the last session while performance was up 42.04% in the last five days.

Pulling back the curtain on SunTrust Banks, Inc.'s Return on Assets (ROA), we note that they now have 0.90% ROA, which is an indicator of how profitable they are relative to their total assets. (NYSE:STI) has risen 26.82% since October 10, 2016 and is uptrending.

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