SunTrust Banks, Inc. (NYSE:STI) current P/S is an impressive 3.32. The overall Major Banks group has an average P/S ratio of 5.71, which is significantly better than the sector’s 6.06. In the past 13-year record, this ratio went down as low as 0.29 and as high as 3.94. Also, it is down from 57.% of the total 1373 rivals across the globe.
STI traded at an unexpectedly low level on 02/13/2019 when the stock experienced a -1.39% loss to a closing price of $64.65. The company saw 5639560 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 10046600 shares a day, this signifies a pretty significant change over the norm.SunTrust Banks, Inc. (STI) Analyst Gushes
Analysts are speculating a 36.12% move, based on the high target price ($88) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $70.74 price target, but the stock is already up 40.39% from its recent lows. However, the stock is trading at -13.89% versus recent highs ($75.08). Analysts believe that we could see stock price minimum in the $62 range (lowest target price), allowing for another -4.1% drop from its current position. Leading up to this report, we have seen a 15.16% rise in the stock price over the last 30 days and a 1.76% increase over the past 3 months. Overall, the share price is up 28.17% so far this year. Additionally, the stock had a day price range of $64.6 to $65.83.SunTrust Banks, Inc. (STI) Price Potential
Heading into the stock price potential, SunTrust Banks, Inc. needs to grow just 6.73% to cross its median price target of $69. In order to determine directional movement, the 50-day and 200-day moving averages for SunTrust Banks, Inc. (NYSE:STI) are $57.7 and $63.59. Given that liquidity is king in short-term, STI is a stock with 451.73 million shares outstanding that normally trades 1.48% of its float. The stock price recently experienced a 5-day gain of 10.06% with 1.53 average true range (ATR). STI has a beta of 1.52 and RSI is 69.27.
Investors also need to beware of the First Horizon National Corporation (NYSE:FHN) valuations. The stock trades on a P/S of 2.6, which suggests that the shares are attractive compared with peers. The broad Major Banks industry has an average P/S ratio of 8.11, which is significantly better than the sector’s 10.46. In the past 13-year record, this ratio went down as low as 0.44 and as high as 3.76. Also, it is up from 52% of the total 1373 rivals across the globe.First Horizon National Corporation (FHN)’s Lead Over its Technicals
First Horizon National Corporation by far traveled 26.42% versus a 1-year low price of $12.3. The share price was last seen -0.26% lower, reaching at $15.55 on Feb. 13, 2019. At recent session, the prices were hovering between $15.54 and $15.69. This company shares are 10.1% off its target price of $17.12 and the current market capitalization stands at $5.04B. The recent change has given its price a 8.26% lead over SMA 50 and -24.24% deficit over its 52-week high. The stock witnessed 8.67% gains, -4.66% declines and -14.23% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FHN’s volatility during a week at 1.9% and during a month it has been found around 2.42%.First Horizon National Corporation (NYSE:FHN) Intraday Metrics
First Horizon National Corporation (FHN) exchanged hands at an unexpectedly low level of 3496413 shares over the course of the day. Noting its average daily volume at 3534180 shares each day over the month, this signifies a pretty significant change over the norm.