Compass Point lifts Truist Financial Corporation [TFC] price estimate. Who else is bullish?

Truist Financial Corporation [NYSE: TFC] plunged by -$0.25 during the normal trading session on Monday and reaching a high of $48.395 during the day while it closed the day at $47.94. The company report on August 29, 2022 that Truist to present at the Barclays Global Financial Services Conference.


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Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Barclays Global Financial Services Conference at 9 a.m. ET on Tuesday, Sept. 13, 2022, in New York City.

A live audio webcast will be available the day of the event at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days.

Truist Financial Corporation stock has also loss -2.86% of its value over the past 7 days. However, TFC stock has declined by -2.42% in the 3 months of the year. Over the past six months meanwhile, it has lost -22.95% and lost -18.12% year-on date.

The market cap for TFC stock reached $65.49 billion, with 1.33 billion shares outstanding and 1.32 billion shares in the current float. Compared to the average trading volume of 5.52M shares, TFC reached a trading volume of 4842550 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 $56.44 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 2.50. 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.

Compass Point have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 15, 2022. The new note on the price target was released on April 11, 2022, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $58, while BofA Securities analysts kept a Neutral rating on TFC stock. On January 19, 2022, analysts increased their price target for TFC shares from 63 to 77.

The Average True Range (ATR) for Truist Financial Corporation is set at 1.02, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 4.72. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 23.70.

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 -2.86. With this latest performance, TFC shares dropped by -5.01% in over the last four-week period, additionally sinking by -22.95% over the last 6 months – not to mention a drop of -17.30% 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 39.81, with the RSI for the last a single of trading hit 32.47, and the three-weeks RSI is set at 43.74 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 48.84, while it was recorded at 48.83 for the last single week of trading, and 54.98 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 +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 per share (EPS) analysis for Truist Financial Corporation [TFC] stock

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 2.75%.

Truist Financial Corporation [TFC]: Insider Ownership positions

There are presently around $47,264 million, or 75.70% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 119,837,620, which is approximately 1.639% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 96,605,399 shares of the stock with an approximate value of $4.63 billion in TFC stocks shares; and JPMORGAN CHASE & CO, currently with $2.96 billion in TFC stock with ownership of nearly 10.262% of the company’s market capitalization.

Positions in Truist Financial Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 728 institutional holders increased their position in Truist Financial Corporation [NYSE:TFC] by around 70,186,700 shares. Additionally, 633 investors decreased positions by around 65,890,481 shares, while 218 investors held positions by with 849,816,807 shares. The mentioned changes placed institutional holdings at 985,893,988 shares, according to the latest SEC report filing. TFC stock had 88 new institutional investments in for a total of 7,450,919 shares, while 124 institutional investors sold positions of 6,294,003 shares during the same period.

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