Are Truist Financial Corporation (TFC) stocks a prudent buy?

At the time of writing, Truist Financial Corporation [TFC] stock is trading at $37.60, down -0.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TFC shares have gain 7.64% over the last week, with a monthly amount glided 6.70%, and seem to be holding up well over a long-time horizon.

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On 7, March 2024, Truist Securities bolsters industrials sector equity research. In a post published today on Yahoo Finance, Highly ranked analyst Jamie Cook is latest addition to growing team.

From an analyst’s perspective:

Truist Financial Corporation [NYSE: TFC] stock has seen the most recent analyst activity on March 19, 2024, when Stephens upgraded its rating to a Overweight and also boosted its price target to $43 from $41. Previously, BofA Securities upgraded its rating to Buy on January 04, 2024, and kept the price target unchanged to $43. On December 14, 2023, upgrade upgraded it’s rating to Buy. Keefe Bruyette upgraded its rating to a Outperform and decreased its price target to $36 on September 21, 2023. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $32 on September 15, 2023. HSBC Securities started tracking with a Hold rating for this stock on September 07, 2023, and assigned it a price target of $29. In a note dated July 11, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $37 to $32.

For the past year, the stock price of Truist Financial Corporation fluctuated between $25.56 and $38.55. Currently, Wall Street analysts expect the stock to reach $63 within the next 12 months. Truist Financial Corporation [NYSE: TFC] shares were valued at $37.60 at the most recent close of the market. An investor can expect a potential return of 67.55% 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 0.01. 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 37.35 points at the first support level, and at 37.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.93, and for the 2nd resistance point, it is at 38.27.

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 1.51, the price to book ratio is 0.96.

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.

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