Piper Jaffray analyst Kevin Barker reiterated a Hold rating on SunTrust Banks (NYSE: STI) yesterday and set a price target of $73. The company’s shares closed on Friday at $62.79.
According to TipRanks.com, Barker is a 4-star analyst with an average return of 7.7% and a 62.0% success rate. Barker covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Santander Consumer USA, and OneMain Holdings Inc.
Currently, the analyst consensus on SunTrust Banks is a Moderate Buy with an average price target of $77.89, implying a 24.0% upside from current levels. In a report issued on October 19, BMO Capital also reiterated a Hold rating on the stock with a $70 price target.
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SunTrust Banks’ market cap is currently $29.21B and has a P/E ratio of 11.80. The company has a Price to Book ratio of 1.31.
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.
