Is This The End Of The Road For SunTrust Banks, Inc. (STI), Alaska Air Group, Inc. (ALK) – The RNS Daily

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SunTrust Banks, Inc. (NYSE:STI) jumped by 0.57% on Monday and this got the market excited. This price movement has led to the STI stock receiving more attention and has become one to watch out for. The shares dropped by -14.96% or -$11.23 from its last recorded high of $75.08 which it attained on August 21 to close at $63.85 per share. Over the past 52 weeks, the shares of SunTrust Banks, Inc. has been trading as low as $46.05 before witnessing a massive surge by 38.65% or $17.8. The stock’s beta now stands at 1.55 and when compared to its 200-day moving average and its 50-day moving average, STI price stands -1.76% below and 5.9% above respectively. Its average daily volatility for this week is 1.9% which is more than the 1.7% recorded over the past month.

SunTrust Banks, Inc. (STI) sank -3.58% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -10.47% and is now up by 26.59% since start of this year. A look at its monthly performance shows that the stock has recorded a -1.34% fall over the past 30 days. Its equity price climbed by 9.26% over the past three months which led to its overall six-month decrease to stand at -13.96%.

Experts from research firms are bullish about the near-term performance of SunTrust Banks, Inc. with most of them predicting a $71.2 price target on a short-term (12 months) basis. The average price target by the analysts will see a 11.51% rise in the stock and would lead to STI’s market cap to surge to $31.5B. The stock has been rated an average 2.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 25 analysts that track SunTrust Banks, Inc. (NYSE:STI) and find out that 16 of them rated it as a Hold. 9 of the 9 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at STI technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 52.3 point. Its trading volume has lost -1871417 shares compared to readings over the past three months as it recently exchanged 3428583 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5300000 shares, and this is 0.65 times the normal volume.

The price of Alaska Air Group, Inc. (NYSE:ALK) currently stands at $55.42 after it went down by $-0.2 or -0.36% and has found a strong support at $54.69 a share. If the ALK price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $53.96 mark would also be bad for the stock as it means that the stock would plunge by 2.63% from its current position. However, if the stock price is able to trade above the resistance point around $56.06, then it could likely surge higher to try and break the upward resistance which stands at $56.71 a share. Its average daily volatility over the past one month stands at 2.2%. The stock has plunged by 91.7% from its 52-weeks high of $4.6001 which it reached on Nov. 29, 2018. In general, it is 0.85% above its 52-weeks lowest point which stands at $54.95 and this setback was observed on Nov. 03, 2019.

Analysts have predicted a price target for Alaska Air Group, Inc. (ALK) for 1 year and it stands at an average $77.5/share. This means that it would likely increase by 39.84% from its current position. The current price of the stock has been moving between $54.6001 and $55.975. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $62. On the other hand, one analyst is super bullish about the price, setting a target as high as $95.

The ALK stock Stochastic Oscillator (%D) is at 7%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.83 which compares to the 0.8 recorded by the industry or the 2.82 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 7.76, which is lower than the 15.72 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -0.3% over the past five years.

Analysts view Alaska Air Group, Inc. (NYSE:ALK) as a Hold, with 2.2 consensus rating. Reuters surveyed 17 analysts that follow ALK and found that 6 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Alaska Air Group, Inc. (ALK) shares or sell it if they already own it.

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