Truist Financial Corporation [TFC] is -10.01% lower this YTD. Is it still time to buy?


Truist Financial Corporation [NYSE: TFC] slipped around -0.95 points on Tuesday, while shares priced at $52.69 at the close of the session, down -1.77%. The company report on April 8, 2022 that Saving the Day for a Day Care.

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Northampton, MA –News Direct– Truist.

Scott Blaney spent the past two years refurbishing a boat that its previous owner had dubbed a $500 hunk of junk. Blaney, though, has a knack for seeing the possibility in things—and in people. It’s a quality he brings to work as an assistant vice president and manager of the Truist main branch in Martinsburg, West Virginia. That’s where he was when he first met with Rashida Yost, a local day care owner with a seemingly hopeless credit score and a completely unshakable desire to expand her business anyway.

Truist Financial Corporation stock is now -10.01% down from its year-to-date (YTD) trading value. TFC Stock saw the intraday high of $54.17 and lowest of $52.40 per share. The company’s 52-week high price is 68.95, which means current price is +0.55% above from all time high which was touched on 01/18/22.

Compared to the average trading volume of 6.69M shares, TFC reached a trading volume of 5411799 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $67.79 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.

Citigroup have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 11, 2022. The new note on the price target was released on April 08, 2022, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise from $63 to $77, while UBS kept a Buy rating on TFC stock. On January 19, 2022, analysts increased their price target for TFC shares from 69 to 72.

The Average True Range (ATR) for Truist Financial Corporation is set at 1.73, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 5.08. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 21.63. Price to Free Cash Flow for TFC in the course of the last twelve months was 14.11.

How has TFC stock performed recently?

Truist Financial Corporation [TFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.82. With this latest performance, TFC shares dropped by -8.98% in over the last four-week period, additionally sinking by -12.52% over the last 6 months – not to mention a drop of -11.73% 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 30.45, with the RSI for the last a single of trading hit 23.12, and the three-weeks RSI is set at 34.86 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 59.75, while it was recorded at 53.76 for the last single week of trading, and 59.31 for the last 200 days.

Truist Financial Corporation [TFC]: Deeper insight into the fundamentals

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.

Earnings analysis for Truist Financial Corporation [TFC]

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%.

Insider trade positions for Truist Financial Corporation [TFC]

There are presently around $52,114 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 $5.13 billion in TFC stocks shares; and STATE STREET CORP, currently with $3.42 billion in TFC stock with ownership of nearly 2.722% of the company’s market capitalization.

769 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 23,736,602 shares. Additionally, 588 investors decreased positions by around 28,662,920 shares, while 190 investors held positions by with 919,156,057 shares. The mentioned changes placed institutional holdings at 971,555,579 shares, according to the latest SEC report filing. TFC stock had 177 new institutional investments in for a total of 3,726,944 shares, while 74 institutional investors sold positions of 2,317,160 shares during the same period.