In a report released today, Marty Mosby from Vining Sparks maintained a Buy rating on SunTrust Banks (NYSE: STI), with a price target of $88. The company’s shares opened today at $66.70.
According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SunTrust Banks with a $77.70 average price target, a 16.5% upside from current levels. In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $75 price target.
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Based on SunTrust Banks’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.53 billion and net profit of $722 million. In comparison, last year the company earned revenue of $2.48 billion and had a net profit of $538 million.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.
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SunTrust Banks, Inc. is a bank and financial holding company that engages in the provision of financial services. It offers deposit, credit, mortgage banking, trust and investment, asset management, securities brokerage, and capital market services. It operates through the following segments: Consumer, Wholesale, and Corporate Other.