Evercore Partners Raises SunTrust to Overweight (STI)

By admin | 6 years ago

SunTrust (NYSE: STI) was upgraded by investment analysts at Evercore Partners from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday.

SunTrust traded up 1.56% on Monday, hitting $21.43. SunTrust has a 52-week low of $15.79 and a 52-week high of $26.52. The company has a market cap of $11.424 billion and a price-to-earnings ratio of 16.09.

SunTrust last announced its earnings results on Monday, April 23rd. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.12. SunTrust’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that SunTrust will post $0.49 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of SunTrust from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, May 31st. Separately, analysts at Compass Point cut their price target on shares of SunTrust from $31.00 to $29.00 in a research note to investors on Wednesday, May 30th. They now have a “buy” rating on the stock. Finally, analysts at Meredith Whitney upgraded shares of SunTrust to an “underperform” rating in a research note to investors on Tuesday, April 24th.

SunTrust Banks, Inc. (SunTrust ) is a commercial banking organization. The Company is a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate clients.

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