In a report issued on October 19, Lana Chan from BMO Capital reiterated a Hold rating on SunTrust Banks (NYSE: STI), with a price target of $70. The company’s shares closed on Friday at $62.79.
According to TipRanks.com, Chan is a 4-star analyst with an average return of 10.3% and a 60.8% success rate. Chan covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, First Republic Bank, and Boston Private Fin.
Currently, the analyst consensus on SunTrust Banks is a Moderate Buy with an average price target of $78.33.
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Based on SunTrust Banks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.62 billion and net profit of $726 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.
