For Truist Financial Corporation [TFC], Analyst sees a rise to $53. What next?

Truist Financial Corporation [NYSE: TFC] plunged by -$0.46 during the normal trading session on Wednesday and reaching a high of $59.02 during the day while it closed the day at $58.32. The company report on March 30, 2021 that Truist announces redemption of senior notes due May 2021.

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Truist Financial Corporation (NYSE: TFC) announced it will redeem all $1,250,000,000 principal amount outstanding of its 2.050% senior notes due May 10, 2021 (CUSIP No. 05531FAV5) on the redemption date of April 9, 2021.


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The redemption price for the senior notes will be equal to 100% of their principal amount plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the senior notes will cease to accrue on and after the redemption date.

Truist Financial Corporation stock has also gained 4.48% of its value over the past 7 days. However, TFC stock has inclined by 24.83% in the 3 months of the year. Over the past six months meanwhile, it has gained 57.58% and gained 21.68% year-on date.

The market cap for TFC stock reached $75.95 billion, with 1.35 billion shares outstanding and 1.34 billion shares in the current float. Compared to the average trading volume of 6.15M shares, TFC reached a trading volume of 6035988 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 $60.32 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 2.30. 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.

Robert W. Baird have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 07, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price from $48 to $55. The new note on the price target was released on January 07, 2021, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise from $49 to $50, while Keefe Bruyette kept a Mkt Perform rating on TFC stock.

The Average True Range (ATR) for Truist Financial Corporation is set at 1.81, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 4.88. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 21.87. Price to Free Cash Flow for TFC in the course of the last twelve months was 18.09.

TFC stock trade performance evaluation

Truist Financial Corporation [TFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.48. With this latest performance, TFC shares gained by 0.10% in over the last four-week period, additionally plugging by 57.58% over the last 6 months – not to mention a rise of 89.11% 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 52.97, with the RSI for the last a single of trading hit 51.93, and the three-weeks RSI is set at 54.30 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 55.68, while it was recorded at 58.25 for the last single week of trading, and 45.40 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 +27.20. Truist Financial Corporation’s Net Margin is presently recorded at +18.56.

Return on Total Capital for TFC is now 5.32, given the latest momentum, and Return on Invested Capital for the company is 4.28. Return on Equity for this stock inclined to 6.53, with Return on Assets sitting at 0.91. When it comes to the capital structure of this company, Truist Financial Corporation [TFC] has a Total Debt to Total Equity ratio set at 67.20. Additionally, TFC Total Debt to Total Capital is recorded at 40.19, with Total Debt to Total Assets ending up at 9.28. Long-Term Debt to Equity for the company is recorded at 56.98, with the Long-Term Debt to Total Capital now at 30.20.

Earnings per share (EPS) analysis for Truist Financial Corporation [TFC] stock

With the latest financial reports released by the company, Truist Financial Corporation posted 0.83/share EPS, while the average EPS was predicted by analysts to be reported at 0.67/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 23.90%. 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 -9.10%.

Truist Financial Corporation [TFC]: Insider Ownership positions

There are presently around $57,124 million, or 73.80% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 105,915,927, which is approximately -1.446% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 89,294,163 shares of the stock with an approximate value of $5.21 billion in TFC stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $4.38 billion in TFC stock with ownership of nearly -0.486% 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 April and at the time of the April reporting period, where 650 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 51,180,547 shares. Additionally, 544 investors decreased positions by around 56,912,776 shares, while 147 investors held positions by with 871,406,651 shares. The mentioned changes placed institutional holdings at 979,499,974 shares, according to the latest SEC report filing. TFC stock had 200 new institutional investments in for a total of 13,373,173 shares, while 59 institutional investors sold positions of 4,531,691 shares during the same period.

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