Currently, Truist Financial Corporation [TFC] is trading at $46.66, up 0.47%. 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 10.26% over the last week, with a monthly amount glided 7.04%, 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 August 09, 2024, when Wolfe Research upgraded its rating to a Peer Perform. Previously, Citigroup downgraded its rating to Neutral on July 24, 2024, and elevated its price target to $47. On July 17, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $45 on the stock. Compass Point upgraded its rating to Buy for this stock on April 23, 2024, but kept the price target unchanged to $42. In a note dated March 19, 2024, Stephens upgraded an Overweight rating on this stock and boosted its target price from $41 to $43.
This stock has fluctuated between a low of $28.97 and a high of $47.03 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $53.53 within the next 12 months. Truist Financial Corporation [NYSE: TFC] shares were valued at $46.66 at the most recent close of the market. An investor can expect a potential return of 14.72% based on the average TFC price forecast.
Analyzing the TFC fundamentals
Trailing Twelve Months sales for Truist Financial Corporation [NYSE:TFC] were 25.10B which represents -8.24% decline. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.03 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.88.
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 46.23 points at the first support level, and at 45.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.89, and for the 2nd resistance point, it is at 47.11.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Truist Financial Corporation [NYSE:TFC] is 0.47. Considering the valuation of this stock, the price to sales ratio is 2.47, the price to book ratio is 1.05.
Transactions by insiders
Recent insider trading involved Weaver David Hudson, Officer, that happened on Aug 14 ’24 when 5000.0 shares were purchased. Corp. Controller, Exec VP, Powell Cynthia B completed a deal on Jul 25 ’24 to sell 6688.0 shares. Meanwhile, Chairman & CEO ROGERS WILLIAM H JR bought 57300.0 shares on Jul 23 ’24.
