Analysts at Sanford C. Bernstein decreased their price objective on shares of BB&T Corp. (NYSE:BBT) from $38.00 to $37.00 in a research report issued to clients and investors on Friday, Stock Ratings News reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 10.12% from the company’s current price.
A number of other analysts have also recently weighed in on BBT. Analysts at Compass Point reiterated a “buy” rating on shares of BB&T Corp. in a research note to investors on Friday. Separately, analysts at ISI Group initiated coverage on shares of BB&T Corp. in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $36.00 price target on the stock. Finally, analysts at Oppenheimer upgraded shares of BB&T Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. Nineteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.19.
Shares of BB&T Corp. (NYSE:BBT) traded down 1.18% on Friday, hitting $33.60. The stock had a trading volume of 7,211,754 shares. BB&T Corp. has a 52 week low of $26.86 and a 52 week high of $36.59. The stock’s 50-day moving average is $33.93 and its 200-day moving average is $33.42. The company has a market cap of $23.650 billion and a price-to-earnings ratio of 14.00.
BB&T Corp. (NYSE:BBT) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.01. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts predict that BB&T Corp. will post $2.89 earnings per share for the current fiscal year.
BB&T Corporation (NYSE:BBT) is a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.