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.
A number of analysts gave price targets for STI. The most optimistic analyst gave a price target of 74, implying potential capital gains of 30.63 percent. The lowest price target was 52, which equates to a potential downside of -8.21 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 7 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts revised their estimates downwards. Over the same time period, 9 analysts revised their FY earnings estimates upwards, 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of STI is 2.03.
In the last 52-weeks, STI has achieved a high of 61.69 and a low of 41.07. The current market price is above the trailing year's low by 37.94 percent, and below the high by 8.17 percent. STI has a P/E 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.