Analyst Ratings for SunTrust Banks Inc. (STI)Updated: 2017-07-27
Shares of SunTrust Banks Inc. (NYSE:STI) have received a consensus rating of Overweight from Wall Street analysts. STI had previously received a consensus rating of Overweight a month ago.
Of the 31 analysts covering the stock, 12 gave it a buy rating, 2 issued an overweight rating, 15 issued a hold rating, 0 gave an underweight rating, and 2 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.
STI was given price targets by several analysts. The maximum price target given was 74, which equates to a potential upside of 30.63 percent. The most pessimistic analyst gave a price target of 52, which equates to a potential downside of -8.21 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.46 percent. The average change in earnings estimates over the last 90 days is 1.95 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.64 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 2.03 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 7 analysts increased their quarterly estimates, which can be compared to the 4 analysts that decreased their estimates. Also over the last month, 9 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
STI has an estimated earnings growth rate of 7.45 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. STI has a PEG ratio of 2.03.
In the trailing 52-weeks, STI hit 61.69 at the highest peak, while it's lowest trading point was 41.07. The current market price is above the trailing year's low by 37.94 percent, and 8.17 percent lower than its 52-week high. STI has a price/earnings ratio of 15.15. Investors typically compare the P/E ratio to a company's peers in the industry. The STI value stock report compares STI to some of its peers using value stock charts. The stock has a market capitalization of $27.43 billion. STI will post this quarters earnings in days, on 0000-00-00.