Truist Financial Corporation [TFC] stock Upgrade by UBS analyst, price target now $77


Truist Financial Corporation [NYSE: TFC] gained 0.16% on the last trading session, reaching $55.36 price per share at the time. The company report on April 5, 2022 that ANDP Receives $1 Million Grant From Truist.

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Grant funding will support initiative to expand affordable homeownership, rental housing opportunities and Black-owned small businesses.

Truist Financial Corporation represents 1.33 billion in outstanding shares, while the company has a total market value of $75.39 billion with the latest information. TFC stock price has been found in the range of $54.82 to $55.995.

If compared to the average trading volume of 6.76M shares, TFC reached a trading volume of 5845002 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 $69.82 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 2.40. 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.

UBS have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 19, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $69 to $72. The new note on the price target was released on January 19, 2022, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $63, while UBS analysts kept a Neutral rating on TFC stock. On November 29, 2021, analysts increased their price target for TFC shares from 64 to 68.

The Average True Range (ATR) for Truist Financial Corporation is set at 2.02, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 5.47. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 21.11. Price to Free Cash Flow for TFC in the course of the last twelve months was 15.19.

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 -8.59. With this latest performance, TFC shares dropped by -1.55% in over the last four-week period, additionally sinking by -8.16% over the last 6 months – not to mention a drop of -6.85% 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 37.62, with the RSI for the last a single of trading hit 33.45, and the three-weeks RSI is set at 40.09 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 60.64, while it was recorded at 56.28 for the last single week of trading, and 59.34 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 +37.99. Truist Financial Corporation’s Net Margin is presently recorded at +27.77.

Return on Equity for this stock inclined to 9.19, with Return on Assets sitting at 1.22.

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

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 1.24%.

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

There are presently around $53,693 million, or 74.60% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 116,494,076, which is approximately 0.678% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 95,681,454 shares of the stock with an approximate value of $5.29 billion in TFC stocks shares; and STATE STREET CORP, currently with $3.52 billion in TFC stock with ownership of nearly 2.722% of the company’s market capitalization.

771 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 24,518,282 shares. Additionally, 587 investors decreased positions by around 28,611,756 shares, while 189 investors held positions by with 918,331,520 shares. The mentioned changes placed institutional holdings at 971,461,558 shares, according to the latest SEC report filing. TFC stock had 177 new institutional investments in for a total of 3,706,182 shares, while 73 institutional investors sold positions of 2,280,086 shares during the same period.