Truist Financial Corporation [NYSE: TFC] stock went on a downward path that fall over -0.92% on Monday, amounting to a one-week price decrease of less than -1.80%.
Over the last 12 months, TFC stock rose by 53.96%. The one-year Truist Financial Corporation stock forecast points to a potential upside of 10.66. The average equity rating for TFC stock is currently 2.17, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $56.24 billion, with 1.34 billion shares outstanding and 1.34 billion shares in the current float. Compared to the average trading volume of 7.43M shares, TFC stock reached a trading volume of 7169234 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 $47.01 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 2.17. 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.
Wolfe Research have made an estimate for Truist Financial Corporation shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on August 09, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $45 to $47. The new note on the price target was released on July 24, 2024, representing the official price target for Truist Financial Corporation stock. Previously, the target price had yet another raise to $45, while Robert W. Baird analysts kept a Neutral rating on TFC stock.
The Average True Range (ATR) for Truist Financial Corporation is set at 0.90, with the Price to Sales ratio for TFC stock in the period of the last 12 months amounting to 2.18. The Price to Book ratio for the last quarter was 0.98. Price to Free Cash Flow for TFC in the course of the last twelve months was 9.80.
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 -1.80. With this latest performance, TFC shares dropped by -0.14% in over the last four-week period, additionally plugging by 8.11% over the last 6 months – not to mention a rise of 53.96% 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 47.89, with the RSI for the last a single of trading hit 47.61, and the three-weeks RSI is set at 48.93 for Truist Financial Corporation [TFC]. The present Moving Average for the last 50 days of trading for this stock 42.54, while it was recorded at 41.87 for the last single week of trading, and 38.91 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 0.46.
TFC Stock EPS
With the latest financial reports released by the company, Truist Financial Corporation posted 0.84/share EPS, while the average EPS was predicted by analysts to be reported at 0.82/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 5.57%.
Truist Financial Corporation [TFC] Institutonal Ownership Details
There are presently around $73.90%, or 74.11%% of TFC stock, in the hands of institutional investors. The top three institutional holders of TFC stocks are: VANGUARD GROUP INC with ownership of 117.75 million shares, which is approximately 8.8199%. BLACKROCK INC., holding 99.01 million shares of the stock with an approximate value of $$3.85 billion in TFC stocks shares; and BLACKROCK INC., currently with $$2.3 billion in TFC stock with ownership which is approximately 4.43%.
