Truist Financial Corporation [NYSE: TFC] price plunged by -0.14 percent to reach at -$0.04. The company report on November 9, 2023 at 2:30 PM that Truist Foundation Announces Support for UnidosUS To Expand Signature Workforce Development Program.
Grant will expand the nonprofit’s Latinx in Business initiative to three new markets across the U.S.
A sum of 5439608 shares traded at recent session while its average daily volume was at 10.12M shares. Truist Financial Corporation shares reached a high of $29.495 and dropped to a low of $28.97 until finishing in the latest session at $29.35.
The one-year TFC stock forecast points to a potential upside of 12.99. The average equity rating for TFC stock is currently 2.44, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $33.73 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 2.44. 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 Outperform, with their previous recommendation back on September 21, 2023.
The Average True Range (ATR) for Truist Financial Corporation is set at 0.89, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 0.71. Price to Free Cash Flow for TFC in the course of the last twelve months was 5.48.
TFC Stock Performance Analysis:
Truist Financial Corporation [TFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.52. With this latest performance, TFC shares gained by 3.31% in over the last four-week period, additionally plugging by 5.31% over the last 6 months – not to mention a drop of -36.25% 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 51.94, with the RSI for the last a single of trading hit 50.99, and the three-weeks RSI is set at 51.41 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 28.75, while it was recorded at 29.76 for the last single week of trading, and 33.06 for the last 200 days.
Insight into Truist Financial Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Truist Financial Corporation [TFC] shares currently have an operating margin of +32.01. Truist Financial Corporation’s Net Margin is presently recorded at +24.49.
Return on Total Capital for TFC is now 6.80, given the latest momentum, and Return on Invested Capital for the company is 5.92. Return on Equity for this stock inclined to 9.65, with Return on Assets sitting at 1.13. When it comes to the capital structure of this company, Truist Financial Corporation [TFC] has a Total Debt to Total Equity ratio set at 112.65. Additionally, TFC Total Debt to Total Capital is recorded at 52.97, with Total Debt to Total Assets ending up at 12.20. Long-Term Debt to Equity for the company is recorded at 82.53, with the Long-Term Debt to Total Capital now at 34.53.
Reflecting on the efficiency of the workforce at the company, Truist Financial Corporation [TFC] managed to generate an average of $118,453 per employee.Truist Financial Corporation’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.34.
TFC Stock EPS
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 16.00%.
Truist Financial Corporation [TFC] Institutonal Ownership Details
The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in TFC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in TFC stock with ownership which is approximately 5.7994%.