Truist Financial Corporation (TFC) Shares Gain 6.28% Over Last Week

At the time of writing, Truist Financial Corporation [TFC] stock is trading at $37.07, up 2.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The TFC shares have gain 6.28% over the last week, with a monthly amount glided 0.76%, and seem to be holding up well over a long-time horizon.

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On 5, March 2024, Truist updates schedule for 2024 earnings conference calls. In a post published today on Yahoo Finance, Truist Financial Corporation (NYSE: TFC) announced an update to its schedule of conference calls to review quarterly financial results due to the pending sale of Truist Insurance Holdings, which is expected to close during the second quarter of this year, subject to customary closing conditions and regulatory approvals.

From an analyst’s perspective:

Truist Financial Corporation [NYSE: TFC] stock has seen the most recent analyst activity on January 04, 2024, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $43 for it. Previously, Odeon upgraded its rating to Buy on December 14, 2023. On September 21, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $36 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $32 on September 15, 2023. HSBC Securities initiated its recommendation with a Hold and recommended $29 as its price target on September 07, 2023. Jefferies downgraded its rating to Hold for this stock on July 11, 2023, and downed its price target to $32. In a note dated July 06, 2023, Raymond James upgraded an Outperform rating on this stock but restated the target price of $36.

For the past year, the stock price of Truist Financial Corporation fluctuated between $25.56 and $46.64. Currently, Wall Street analysts expect the stock to reach $63 within the next 12 months. Truist Financial Corporation [NYSE: TFC] shares were valued at $37.07 at the most recent close of the market. An investor can expect a potential return of 69.95% based on the average TFC price forecast.

Analyzing the TFC fundamentals

According to Truist Financial Corporation [NYSE:TFC], the company’s sales were 33.33B for trailing twelve months, which represents an 11.52% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.02 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.08.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.18 points at the first support level, and at 35.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.72, and for the 2nd resistance point, it is at 38.37.

Truist Financial Corporation [TFC] reported earnings per share of $0.91 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.89/share, meaning a difference of $0.02 and a surprise factor of 2.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.84 per share as compared to estimates of $0.82 per share, a difference of $0.02 representing a surprise of 2.40%.

Ratios To Look Out For

It is important to note that Truist Financial Corporation [NYSE:TFC] has a current ratio of 0.37. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 0.94.

Transactions by insiders

Recent insider trading involved ROGERS WILLIAM H JR, Chairman & CEO, that happened on Oct 20 when 10000.0 shares were purchased. Director, PATTON CHARLES A completed a deal on May 03 to buy 1332.0 shares. Meanwhile, Director PATTON CHARLES A bought 3668.0 shares on May 02.

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