Truist Financial Corporation [TFC] stock prices are up 1.41% to $37.44 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TFC shares have gain 6.18% over the last week, with a monthly amount glided 3.97%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of Truist Financial Corporation [TFC] has been fluctuating between $25.56 and $44.36 over the past year. Currently, Wall Street analysts expect the stock to reach $63 within the next 12 months. Truist Financial Corporation [NYSE: TFC] shares were valued at $37.44 at the most recent close of the market. An investor can expect a potential return of 68.27% based on the average TFC price forecast.
Analyzing the TFC fundamentals
The Truist Financial Corporation [NYSE:TFC] reported sales of 33.33B for trailing twelve months, representing a surge of 11.52%. 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 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.08.
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 36.88 points at the first support level, and at 36.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.76, and for the 2nd resistance point, it is at 38.09.
Ratios To Look Out For
It’s worth pointing out that Truist Financial Corporation [NYSE:TFC]’s Current Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 0.95.
Transactions by insiders
Recent insider trading involved Boyer K. David Jr., Director, that happened on Mar 07 ’24 when 3764.0 shares were sold. Chairman & CEO, ROGERS WILLIAM H JR completed a deal on Oct 20 ’23 to buy 10000.0 shares. Meanwhile, Director PATTON CHARLES A bought 1332.0 shares on May 03 ’23.
