A share price of Truist Financial Corporation [TFC] is currently trading at $42.07, up 2.36%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TFC shares have lost -2.95% over the last week, with a monthly amount glided 7.16%, 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 July 24, 2024, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $47 from $45. Previously, Robert W. Baird downgraded its rating to Neutral on July 17, 2024, and kept the price target unchanged to $45. Compass Point upgraded its rating to a Buy but $42 remained the price target by the analyst firm on April 23, 2024. Stephens upgraded its rating to Overweight for this stock on March 19, 2024, and upped its price target to $43. In a note dated January 04, 2024, BofA Securities upgraded an Buy rating on this stock but restated the target price of $43.
Truist Financial Corporation experienced fluctuations in its stock price throughout the past year between $26.57 and $45.31. Currently, Wall Street analysts expect the stock to reach $53.71 within the next 12 months. Truist Financial Corporation [NYSE: TFC] shares were valued at $42.07 at the most recent close of the market. An investor can expect a potential return of 27.67% based on the average TFC price forecast.
Analyzing the TFC fundamentals
Trailing Twelve Months sales for Truist Financial Corporation [NYSE:TFC] were 25.77B which represents -86.65% decline. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.03 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.9.
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 41.58 points at the first support level, and at 41.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.40, and for the 2nd resistance point, it is at 42.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Truist Financial Corporation [NYSE:TFC] is 0.38. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 0.99.
Transactions by insiders
Recent insider trading involved Powell Cynthia B, Corp. Controller, Exec VP, that happened on Jul 25 ’24 when 6688.0 shares were sold. Chairman & CEO, ROGERS WILLIAM H JR completed a deal on Jul 23 ’24 to buy 57300.0 shares. Meanwhile, Director Boyer K. David Jr. sold 3764.0 shares on Mar 07 ’24.
