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SunTrust Banks (STI) Receives a Rating Update from a Top Analyst


In a report released today, Ken Usdin from Jefferies reiterated a Buy rating on SunTrust Banks (NYSE: STI), with a price target of $75. The company’s shares opened today at $66.96.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 24.7% and a 86.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, First Republic Bank, and Citizens Financial.

Currently, the analyst consensus on SunTrust Banks is a Moderate Buy with an average price target of $78.20.

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SunTrust Banks’ market cap is currently $31.03B and has a P/E ratio of 12.59. The company has a Price to Book ratio of 1.40.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.