Truist Financial Corporation [NYSE: TFC] stock went on a downward path that fall over -2.01% on Monday, amounting to a one-week price decrease of less than -4.35%. The company report on February 26, 2024 at 12:15 PM that Truist Foundation Inspire Awards Registration Now Open.
Register to secure a virtual seat, cast a vote for your favorite nonprofit to receive funding for its technology-based solution.
Greg Olsen, an American football sportscaster and former NFL player, named host.
Over the last 12 months, TFC stock dropped by -26.03%. The one-year Truist Financial Corporation stock forecast points to a potential upside of 15.33. The average equity rating for TFC stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $46.05 billion, with 1.33 billion shares outstanding and 1.33 billion shares in the current float. Compared to the average trading volume of 9.91M shares, TFC stock reached a trading volume of 10269329 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $40.78 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.
BofA Securities have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 04, 2024. The new note on the price target was released on December 14, 2023, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another drop from $37 to $36, while Keefe Bruyette kept a Outperform rating on TFC stock. On September 15, 2023, analysts decreased their price target for TFC shares from 36 to 32.
The Average True Range (ATR) for Truist Financial Corporation is set at 0.96, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 0.88. Price to Free Cash Flow for TFC in the course of the last twelve months was 6.44.
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 -4.35. With this latest performance, TFC shares dropped by -7.94% in over the last four-week period, additionally plugging by 19.65% over the last 6 months – not to mention a drop of -26.03% 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 37.66, with the RSI for the last a single of trading hit 32.13, and the three-weeks RSI is set at 42.28 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 36.61, while it was recorded at 35.35 for the last single week of trading, and 32.04 for the last 200 days.
Insight into Truist Financial Corporation Fundamentals:
Truist Financial Corporation’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.14.
TFC Stock EPS
With the latest financial reports released by the company, Truist Financial Corporation posted 1.09/share EPS, while the average EPS was predicted by analysts to be reported at 1.14/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.40%. 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 -1.20%.
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 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TFC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TFC stock with ownership which is approximately 5.8325%.
