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.

Related News:



Most liked

Celtics' Kyrie Irving happy to be in Boston
They will enjoy Irving prodding Cavaliers fans to nearly the same extent that Cavaliers fans will hate it. Cleveland, of course, has been a pretty successful sports city over the past few years as well.

Simple Moving Average Analysis of Fidelity National Information Services, Inc. (FIS)
The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05. According to Finviz reported data, The SMA20 of the stock is at 1.6 percent, SMA50 is 2.87 percent, while SMA200 is 11.3 percent.

USA to withdraw from UNESCO
The state department said it would establish an observer mission at the Paris-based organization to replace its representation. The US had stopped funding UNESCO after it voted to include Palestine as a member in 2011 but it did maintain a UNESCO office.

TCS Beats Expectations, Net Profit Jumps To Rs 6,446 Crore In Q2
In second half of FY18, there are limited margin levers", Karan Taurani, VP Research, Dolat Capital said. "We experienced robust volume growth in Q2, driven by good demand across multiple industry verticals".

Premier League rules out playing Christmas Eve match at 16.00 GMT
Given his say, Wenger admitted at his weekly press conference that he would rather not kick off any later than 2pm if Arsenal are asked to play on Christmas Eve.

China wants U.S. to recognise Pakistan's efforts to combat terrorism
A number of former and present ambassadors, congress and senate staffers, state department officials and prominent media persons were present on the occasion.

Juniper Networks Inc (NYSE:JNPR) Institutional Investor Sentiment Is 2.27
Fiduciary Finance Svcs Of The Southwest Tx holds 1.82% of its portfolio in Pfizer Inc. (NYSE: JNPR ) for 875,538 shares. The network equipment provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03.

Islamic State group claims Damascus police headquarters attack
Earlier in October, four suicide bombers killed 15 people when they blew themselves up in the al Midan district of Damascus .

(TMO); MDC Holdings (MDC) Sentiment Is 1.48
The rating was initiated by Deutsche Bank with "Buy" on Thursday, January 7. (NYSE:TMO) on Monday, January 11 with "Buy" rating. The medical research company reported $2.30 EPS for the quarter, topping the Zacks' consensus estimate of $2.27 by $0.03.

Apple reportedly working with LG on a foldable phone for 2020
Apple accounts for about 1.3% of Moon Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. Meanwhile reports out of Korea also state that LG Innotek is creating flexible circuit boards to go with these displays.

Anadarko Petroleum Corporation (APC) Shares Sold by Cornerstone Capital Management Holdings LLC
TheStreet upgraded shares of Anadarko Petroleum from a "d+" rating to a "c-" rating in a report on Friday, February 3rd. Perhaps, that suggests something about why 89.38% of the outstanding share supply is held by institutional investors.

After Gajendra Chauhan, now FTII students protest against new chairman Anupam Kher
Apart from this he has also appeared in several stage plays and authored a book with a title "The Best Things About You Is You'". In the past few days, Anupam has been busy promoting his production Ranchi Diaries , and he has also has film projects lined up.

Megyn Kelly's Show Takes Ratings Dive
Page Six reached out to an NBC representative who told the paper that things aren't as dire as they might seem. In the same week past year Al Roker , Billy Bush and Tamron Hall were hosting " Today's Take".

Princeton Portfolio Strategies Group LLC Purchases 6285 Shares of MetLife, Inc. (MET)
Stock analysts at Langen Mcalenn decreased their Q3 2017 earnings per share estimates for MetLife in a report released on Monday. Turning to Insmed Incorporated (NASDAQ:INSM), its shares were trading at $29.67 a retreat of $-0.95, on the trading floor.

Is there a Bearish outlook for Domino's Pizza Group PLC
BidaskClub lowered Domino's Pizza from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, June 13th. Analysts await Domino's Pizza Inc (NASDAQ:DPZ) to report earnings on Oct, 12 for the fiscal quarter ending Sep 2017.