Economy

Barclays Raises BB&T (BBT) Price Target to $57.00

Barclays Raises BB&T (BBT) Price Target to $57.00

After $0.80 actual EPS reported by HD Supply Holdings, Inc. for the previous quarter, Wall Street now forecasts -46.25% negative EPS growth.

The stock increased 0.53% or $0.27 during the last trading session, reaching $51.5. Alliancebernstein Ltd Partnership stated it has 1.37M shares. BB&T Corporation (NYSE:BBT) has risen 20.68% since January 10, 2017 and is uptrending. It has underperformed by 33.21% the S&P500. Streetinsider.com's article titled: "BB&T Corp". Bryn Mawr Trust Company bought 128,599 shares as the company's stock declined 11.91% while stock markets rallied. 131,033 are owned by Boston Private Wealth Limited Company. The company has a market capitalization of $41,090.00, a P/E ratio of 19.36, a PEG ratio of 2.09 and a beta of 1.00.

The stock increased 0.72% or $0.34 during the last trading session, reaching $47.63. About 4.10M shares traded. The stock of BB&T Corporation (NYSE:BBT) has "Hold" rating given on Thursday, June 8 by Jefferies. It has outperformed by 3.98% the S&P500. 186.53 million shares or 1.63% less from 189.62 million shares in 2017Q2 were reported.

Since August 16, 2017, it had 0 buys, and 7 insider sales for $7.30 million activity. Johnson Robert Jerome JR sold $589,373 worth of stock. On Friday, October 20 the insider Wilson Donta L sold $201,929. Colonial invested 1.09% in BB&T Corporation (NYSE:BBT). Insiders have sold a total of 182,150 shares of company stock valued at $8,712,859 in the last quarter.

Among 30 analysts covering BB&T Corp (NYSE:BBT), 10 have Buy rating, 0 Sell and 20 Hold. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Therefore 33% are positive. BB&T Corp had 86 analyst reports since July 17, 2015 according to SRatingsIntel. Franklin Resources Inc. now owns 2,553,640 shares of the company's stock valued at $90,935,000 after buying an additional 28,810 shares during the period. Keefe Bruyette & Woods has "Hold" rating and $4600 target. The firm has "Market Perform" rating by Wood given on Wednesday, October 19. The firm earned "Hold" rating on Tuesday, October 31 by Robert W. Baird. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with "Hold". (NYSE:AVT) earned "Hold" rating by Stifel Nicolaus on Tuesday, September 20. The rating was initiated by Wells Fargo with "Outperform" on Friday, February 19. The firm has "Neutral" rating by SunTrust given on Thursday, August 27.

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Investors who are keeping close eye on the stock of BB&T Corporation (NYSE:BBT) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 0.01 and sector's optimum level is 0.42. Its down 0.23, from 1.16 in 2017Q2. It dived, as 56 investors sold BB&T Corporation shares while 291 reduced holdings. First Merchants Corp raised its position in shares of BB&T by 9.1% in the 3rd quarter.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $40.97B. 66,186 are held by Old Point Tru Financial Services N A. Koshinski Asset Mngmt, a Illinois-based fund reported 8,562 shares. They expect $0.80 EPS, up 9.59% or $0.07 from last year's $0.73 per share.

BB&T Corporation has a consensus hold rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 1.62% of shares outstanding. Peddock Cap Advsr Ltd Liability Com reported 0.02% stake. 42,390 were reported by Texas Permanent School Fund. Millennium Management Ltd Limited Liability Company reported 0.05% stake. Washington Trust Natl Bank reported 1,790 shares or 0.01% of all its holdings. The rating was maintained by Piper Jaffray on Tuesday, August 15 with "Hold". The Ontario - Canada-based Highstreet Asset has invested 0.01% in BB&T Corporation (NYSE:BBT). Pennsylvania-based Glenmede Na has invested 0.05% in BB&T Corporation (NYSE:BBT). British Columbia Investment Management has 0.15% invested in BB&T Corporation (NYSE:BBT). Putnam Invests Limited Liability Company invested in 43,924 shares or 0.01% of the stock. Of Vermont invested 0.31% of its portfolio in BB&T Corporation (NYSE:BBT). Principal Financial Gp stated it has 6,450 shares or 0% of all its holdings.

Mackenzie Financial Corp, which manages about $61.70 billion and $18.54 billion US Long portfolio, decreased its stake in Smucker J M Co (NYSE:SJM) by 7,122 shares to 5,287 shares, valued at $555,000 in 2017Q3, according to the filing. It also reduced its holding in Valmont Inds Inc (NYSE:VMI) by 7,330 shares in the quarter, leaving it with 13,535 shares, and cut its stake in Convergys Corp (NYSE:CVG). The rating was downgraded by Drexel Hamilton on Wednesday, June 7 to "Hold". The rating was maintained by Craig Hallum on Wednesday, October 25 with "Hold". Finally, Vining Sparks reissued a "buy" rating and set a $59.00 price objective on shares of BB&T in a research report on Monday. As per Friday, July 14, the company rating was maintained by RBC Capital Markets. The stock has "Underweight" rating by Morgan Stanley on Friday, October 20. Macquarie Research upgraded the shares of BBT in report on Friday, August 4 to "Hold" rating. The firm has "Sell" rating by Goldman Sachs given on Monday, October 30. RBC Capital Markets has "Buy" rating and $50.0 target.

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.37, from 0.99 in 2017Q2. Boys Arnold & invested in 35,003 shares. Nomura Asset owns 440,139 shares for 0.23% of their portfolio. Of Vermont owns 329 shares or 0% of their U.S. portfolio. Kbc Nv reported 115,165 shares. Wesbanco Bank & Trust Inc holds 0.02% of its portfolio in CDW Corporation (NASDAQ:CDW) for 6,740 shares. However, the institutional investors are observed to own 68.10% of the total shares. The Massachusetts-based Rhumbline Advisers has invested 0.02% in HD Supply Holdings, Inc. Raymond James And Assocs reported 2.04 million shares. Pub Employees Retirement Sys Of Ohio holds 186,475 shares.


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