BB&T stock prices target 2012-2013 : increased their price target on shares of BB&T (NYSE: BBT) to $32.00 in a research note issued on Tuesday. The firm currently has a “neutral” rating on the stock.The analysts wrote, “After reviewing our model and baking in some of the positive operating leverage we saw in 1Q, we are raising EPS estimates for 2012 and 2013 by $0.10, and by $0.15 for 2014. Our 2013 EPS estimate of $2.90 is roughly $0.10 below consensus, but we can see a reasonable path to hitting consensus in 2013 if BB&T executes, but find it harder to see substantial upside from there.”
A number of other analysts have also recently weighed in on BBT. Analysts at UBS AG (NYSE: UBS) raised their EPS on shares of BB&T in a research note to investors on Friday. They now have a “buy” rating and a $34.00 price target on the stock. They previously had a “positive” rating on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of BB&T to $35.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of BB&T in a research note to investors on Thursday, April 19th. They now have a $34.00 price target on the stock.
Shares of BB&T traded up 0.98% during mid-day trading on Tuesday, hitting $31.95. BB&T has a one year low of $18.92 and a one year high of $31.94. The company has a market cap of $22.316 billion and a P/E ratio of 14.92.
The company last announced its quarterly results on Thursday, April 19th. It reported $0.61 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.58 EPS by $0.03. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts predict that BB&T will post $0.67 earnings per share next quarter.
BB&T Corporation (BB&T) is a financial holding company. BB&T conducts its business operations primarily through its commercial banking subsidiary, Branch Banking and Trust Company (Branch Bank).
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