Truist Financial Corporation [NYSE: TFC] gained 0.09% or 0.04 points to close at $44.46 with a heavy trading volume of 7301957 shares.
The daily chart for TFC points out that the company has recorded 17.49% gains over the past six months.
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If we look at the average trading volume of 7.12M shares, TFC reached to a volume of 7301957 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 $46.20 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 2.29. 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 July 24, 2024. The new note on the price target was released on July 17, 2024, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $43, while Barclays analysts kept a Equal Weight rating on TFC stock.
The Average True Range (ATR) for Truist Financial Corporation is set at 0.97, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 2.31. The Price to Book ratio for the last quarter was 1.04. Price to Free Cash Flow for TFC in the course of the last twelve months was 7.95.
Trading performance analysis for TFC stock
Truist Financial Corporation [TFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.55. With this latest performance, TFC shares gained by 17.49% in over the last four-week period, additionally plugging by 17.49% over the last 6 months – not to mention a rise of 38.98% 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 74.39, with the RSI for the last a single of trading hit 77.54, and the three-weeks RSI is set at 70.82 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 39.02, while it was recorded at 44.15 for the last single week of trading, and 36.13 for the last 200 days.
Truist Financial Corporation [TFC]: A deeper dive into fundamental analysis
Truist Financial Corporation’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.38.
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 5.20%.
An analysis of Institutional ownership at Truist Financial Corporation [TFC]
The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in TFC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in TFC stock with ownership which is approximately 5.1238%.
