BB&T Rating Reiterated by Barclays Capital (BBT)
Shares of BB&T traded up 0.65% during mid-day trading on Monday, hitting $30.86. BB&T has a 52 week low of $26.86 and a 52 week high of $34.37. The stock’s 50-day moving average is currently $30.55. The company has a market cap of $21.594 billion and a P/E ratio of 11.36.
BB&T last issued its quarterly earnings data on Thursday, January 17th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that BB&T will post $2.95 earnings per share for the current fiscal year.
A number of other firms have also recently commented on BBT. Analysts at Raymond James cut their price target on shares of BB&T from $37.00 to $36.00 in a research note to investors on Thursday. They now have a “strong-buy” rating on the stock. Separately, analysts at Guggenheim reiterated a “buy” rating on shares of BB&T in a research note to investors on Tuesday, February 19th. They now have a $38.00 price target on the stock.
Eleven investment analysts have rated the stock with a buy rating, one has given an overweight rating, twenty-two have issued a hold rating, and one has assigned a sell rating to the stock. BB&T currently has an average rating of “overweight” and a consensus price target of $33.75.
BB&T Corporation (BB&T) is a financial holding company. BB&T conducts its business operations through its commercial bank subsidiary, Branch Banking and Trust Company (Branch Bank).
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