SunTrust Banks, Inc. (NYSE:STI) plunged -0.66% during previous trade, a total of 3.17M shares exchanged hands compared with its average trading volume of 3.11M shares whereas its relative volume is 0.95. The stock has a market capitalization of $28.78B along with 491.41M outstanding shares. Stock’s intraday price range hit the peak level of $59.70 and touched the lowest level of $58.47.
Most recently SunTrust Banks, Inc. (NYSE:STI)’s price target was revised on 3/6/17 and according to 28 analysts stock’s price will reach at $60.07 during 52 weeks with standard deviation of 6.39. Stock’s minimum price target estimates has been figured out at $50 while the maximum price target forecast is established at $70, if we look at the price target with an optimistic approach it has upside potential of 19% from its latest closing price of $58.94.
Historically, if we look at price target revisions, one week ago SunTrust Banks, Inc. (NYSE:STI)’s price target was revised on 2/27/17 by the analysts, however the bullish price estimates of the stock set at $65 while the bearish estimates kept at $43 over the next one year. Stock’s 52-week target was retained at $56.33, the estimates indicates a standard deviation of 6.77.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.38. ABR value is precisely based on brokerage recommendations, where out of 20 brokerage recommendations 7 rate SunTrust Banks, Inc. (NYSE:STI) stock a Strong Buy, 1 rate the stocks of the company a Buy, 10 rate Hold, 1 rate Sell and 1 recommend a Strong Sell. Most recently on 1/23/17 the stock of SunTrust Banks, Inc. (NYSE:STI) upgraded by Sandler O’Neill from Hold to Buy. However previously on 11/18/16 it was downgraded by Wells Fargo from Outperform to Mkt Perform. A research note issued on 11/15/16 the stock was downgraded by Standpoint Research from Buy to Hold.
SunTrust Banks, Inc. (NYSE:STI) performance over the past one year advanced 68.72% whereas its year to date (YTD) performance indicated a bullish trend of 7.93%. During the last six months the stock rose 35.58%. Quarterly performance of the company shows optimistic momentum of 8.70% while its last one month trend is positive with 3.98%. Stock’s weekly performance expressed down trend of -1.85%.
The company’s price sits 2.95% above from its 50-day moving average of $58.50 and 22.88% far from the stock’s 200-day moving average which is $51.29. SunTrust Banks, Inc. (NYSE:STI)’s shares are currently trading -4.46% away from the 52-week high price of $61.69 and +72.49% far from the 52-week low price of $34.17.
According to consensus agreement of 31 analysts SunTrust Banks, Inc. (NYSE:STI) will report earnings per share of $0.83 in their quarterly report and it is expected to announce the company’s results on 4/28/17. For the current quarter the company has high EPS estimates of $0.91 in contradiction of low EPS estimates of $0.77. However a year ago for the same quarter the company has reported $0.84 EPS. Current year EPS projections for SunTrust Banks, Inc. (NYSE:STI) set at $3.84 according to the sentiments of 33 analysts, while its lowest earnings estimates are $3.74 and highest earnings estimates are $4.15.
According to 11 analysts, SunTrust Banks, Inc. (NYSE:STI)’s revenue estimates for the current quarter are $2.21B meanwhile the company has high revenue estimates of $2.18B in contradiction of low revenue estimates of $2.28B. For the current year the company’s revenue estimates are $9.18B compared to low analyst estimates of $9.06B and high estimates of $9.34B according to the projection of 12 analysts.