Truist Financial Corporation [NYSE: TFC] surged by $1.24 during the normal trading session on Tuesday and reaching a high of $41.96 during the day while it closed the day at $41.07. Truist Financial Corporation stock has also loss -8.08% of its value over the past 7 days. However, TFC stock has inclined by 40.31% in the 3 months of the year. Over the past six months meanwhile, it has lost -26.69% and lost -27.08% year-on date.
The market cap for TFC stock reached $52.55 billion, with 1.34 billion shares outstanding and 1.34 billion shares in the current float. Compared to the average trading volume of 8.19M shares, TFC reached a trading volume of 6758220 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Truist Financial Corporation [TFC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TFC shares is $42.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TFC stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 21, 2020. While these analysts kept the previous recommendation, Compass Point raised their target price to Buy. The new note on the price target was released on April 14, 2020, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $56, while Robert W. Baird analysts kept a Outperform rating on TFC stock.
The Average True Range (ATR) for Truist Financial Corporation is set at 2.42, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 4.51. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 37.09.
TFC stock trade performance evaluation
Truist Financial Corporation [TFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.08. With this latest performance, TFC shares gained by 31.00% in over the last four-week period, additionally sinking by -26.69% over the last 6 months – not to mention a drop of -16.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TFC stock in for the last two-week period is set at 56.31, with the RSI for the last a single of trading hit 55.16, and the three-weeks RSI is set at 54.96 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 35.97, while it was recorded at 39.87 for the last single week of trading, and 46.80 for the last 200 days.
Truist Financial Corporation [TFC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Truist Financial Corporation [TFC] shares currently have an operating margin of +30.64. Truist Financial Corporation’s Net Margin is presently recorded at +22.16.
Return on Total Capital for TFC is now 4.76, given the latest momentum, and Return on Invested Capital for the company is 4.24. Return on Equity for this stock inclined to 6.68, with Return on Assets sitting at 0.93. When it comes to the capital structure of this company, Truist Financial Corporation [TFC] has a Total Debt to Total Equity ratio set at 92.91. Additionally, TFC Total Debt to Total Capital is recorded at 48.16, with Total Debt to Total Assets ending up at 13.14. Long-Term Debt to Equity for the company is recorded at 59.87, with the Long-Term Debt to Total Capital now at 28.65.
Reflecting on the efficiency of the workforce at the company, Truist Financial Corporation [TFC] managed to generate an average of $54,644 per employee.
Earnings per share (EPS) analysis for Truist Financial Corporation [TFC] stock
With the latest financial reports released by the company, Truist Financial Corporation posted 1.09/share EPS, while the average EPS was predicted by analysts to be reported at 1.07/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Truist Financial Corporation go to 5.55%.
Truist Financial Corporation [TFC]: Insider Ownership positions
There are presently around $39,376 million, or 73.90% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 110,407,526, which is approximately 2.38% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 93,876,594 shares of the stock with an approximate value of $3.74 billion in TFC stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $2.52 billion in TFC stock with ownership of nearly 121.384% of the company’s market capitalization.
Positions in Truist Financial Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 482 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 99,252,699 shares. Additionally, 839 investors decreased positions by around 83,389,226 shares, while 113 investors held positions by with 805,954,732 shares. The mentioned changes placed institutional holdings at 988,596,657 shares, according to the latest SEC report filing. TFC stock had 92 new institutional investments in for a total of 9,693,315 shares, while 267 institutional investors sold positions of 17,653,354 shares during the same period.