For Truist Financial Corporation [TFC], Analyst sees a rise to $50. What next?

Truist Financial Corporation [NYSE: TFC] loss -2.34% or -1.1 points to close at $45.91 with a heavy trading volume of 6109389 shares. The company report on December 7, 2020 that Truist Announces Fourth-Quarter 2020 Earnings Call Details and Updates Its 2021 Earnings Conference Call Schedule.

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As previously announced, Truist Financial Corporation (NYSE: TFC) will report fourth-quarter 2020 financial results before the market opens on Thursday, Jan. 21, 2021. Chairman and Chief Executive Officer Kelly S. King and Chief Financial Officer Daryl N. Bible will host a conference call to review the company’s financial results at 8 a.m. ET.

Investors can access a live audio webcast of the earnings call and view the news release and presentation materials at ir.truist.com under “Events & Presentations.” The conference call can also be accessed by dialing 866-519-2796 and using passcode 391805. A replay of the call will be available by telephone for 30 days at 888-203-1112; use passcode 391805.

It opened the trading session at $47.68, the shares rose to $47.68 and dropped to $45.79, the range by which the price of stock traded the whole day. The daily chart for TFC points out that the company has recorded 11.78% gains over the past six months. However, it is still -91.21% lower than its most recent low trading price.

If we look at the average trading volume of 5.46M shares, TFC reached to a volume of 6109389 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $48.94 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 2.10. 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.

Keefe Bruyette have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 19, 2020. The new note on the price target was released on July 31, 2020, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $45, while Raymond James analysts kept a Outperform rating on TFC stock. On April 21, 2020, analysts increased their price target for TFC shares from 31 to 41.

The Average True Range (ATR) for Truist Financial Corporation is set at 1.56, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 4.28. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 34.39.

Trading performance analysis for TFC stock

Truist Financial Corporation [TFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.07. With this latest performance, TFC shares dropped by -0.91% in over the last four-week period, additionally plugging by 11.78% over the last 6 months – not to mention a drop of -18.05% 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 45.99, with the RSI for the last a single of trading hit 38.43, and the three-weeks RSI is set at 50.12 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 45.11, while it was recorded at 47.29 for the last single week of trading, and 38.62 for the last 200 days.

Truist Financial Corporation [TFC]: A deeper dive into fundamental analysis

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.

Truist Financial Corporation [TFC]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Truist Financial Corporation posted 1.04/share EPS, while the average EPS was predicted by analysts to be reported at 1.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.00%. 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 -9.10%.

An analysis of insider ownership at Truist Financial Corporation [TFC]

There are presently around $45,264 million, or 74.10% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 107,470,141, which is approximately -1.679% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 87,883,778 shares of the stock with an approximate value of $4.03 billion in TFC stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $3.46 billion in TFC stock with ownership of nearly -8.215% of the company’s market capitalization.

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Positions in Truist Financial Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 493 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 43,979,394 shares. Additionally, 624 investors decreased positions by around 41,019,598 shares, while 144 investors held positions by with 900,928,379 shares. The mentioned changes placed institutional holdings at 985,927,371 shares, according to the latest SEC report filing. TFC stock had 98 new institutional investments in for a total of 3,927,875 shares, while 99 institutional investors sold positions of 7,106,865 shares during the same period.

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