BB&T Corp. (BBT) Stock Up After Upgrade at Hilliard Lyons

BB&T Corp. (NYSE: BBT) shares rose in value on Monday January 23 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

Meanwhile, U.S. stocks flipped between small gains and losses in early trade on Monday.

The Dow Jones Industrial Average DJIA, -0.14% was off by 13 points, or less than 0.1%, at 19,815, with McDonald’s Corp MCD, -0.99% and General Electric CoGE, -0.95% leading the losses, down more than 1%.

The S&P 500 SPX, -0.18% slipped 2 point to 2,270, with five of the main sectors trading lower. The Nasdaq Composite COMP, -0.09% gained 4 points to 5,558.

Analysts at Hilliard Lyons upgraded shares of BB&T Corp. (NYSE: BBT) from Neutral to Buy today. Hilliard Lyons currently has a rating of Buy on the stock. A number of other analysts have spoken on the company in recent days, and BB&T Corp. has earned a consensus one-year price target of $48.33, higher than the opening price of $45.32, a difference of 10.59 percent. BB&T Corp. stock has a 52-week high of $47.85. Typically, after analysts issue an upgrade report on a stock, they will subsequently issue recurring updates, usually followed by a price target change.

Shares of BB&T Corp. (NYSE: BBT) opened at $45.32 yesterday trading between $45.27 and $45.75, and last traded at $45.63, which is a spike of $0.21 compared to the previous closing price.

BB&T Corp. (NYSE: BBT) now has a market cap of 36.94B.

BB&T Corp. (NYSE: BBT) Average Daily Trading Volume

501,311 shares traded hands yesterday, 86 percent lower than the norm, out of a total float 806,423,000. lower than normal. Look for trading volume to pick up in the coming days as investors often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.

While increased trading for short periods will not mean much will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.

Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you are researching.

BB&T Corp. (NYSE: BBT) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.

With that in mind, BB&T Corp. (NYSE: BBT) now has a 50-day MA of $46.69 and 200-day MA of $40.52. It has traded in a 52-week range between $29.95 – 47.85 and today’s last price is 4.64%% lower than the 52 week high of $47.85.

Earnings growth is a critical factor to look at when investing in stocks and investors seek companies that have raised their earnings by at least 25% over 3 consecutive years.

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