Truist Financial Corporation (TFC) Price Target: Is It Set To Rise Or Fall In Price?

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Truist Financial Corporation (NYSE:TFC) finished Thursday with a subtraction of -$1.2 to close at $44.80, a downside of -2.61 percent. An average of 8,203,360 shares of common stock have been traded in the last five days. There was a fall of -$3.32 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 5,980,375 shares traded, while the 50-day average volume stands at 5,134,478.

TFC stock has decreased by -9.07% in the last month. The company shares reached their 1-month lowest point of $44.71 on 09/22/22. With the stock rallying to its 52-week high on 01/18/22, shares of the company touched a low of $44.68 and a high of $68.95 in 52 weeks. It has reached a new high 10 times so far this year and lost -23.48% or -$13.75 in price. In spite of this, the price is down -35.03% from the 52-week high.


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Insider Transactions

65 days have passed since Truist Financial Corporation (TFC) last reported insider trading activity. ROGERS WILLIAM H JR, who is Chairman and CEO, most recently acquired $142,606 shares at $47.78 per share on Jul 20. In this transaction, the insider spent $6,813,429. Director, KING KELLY S, disposed of 29 shares at a price of $52.55 on Apr 21. The insider now owns more than $1,508 worth of shares. Prior to that, Director KING KELLY S went on to Sale 1 shares at $52.01 each on Apr 20. An amount of $30 was transacted.

Valuation Metrics

Truist Financial Corporation (TFC) has a trailing price-to-earnings (P/E) ratio of 10.16. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.33, the price-to-book (PB) ratio at 1.06.

The company has a payout ratio of 43.20%. The company’s most recent quarterly dividend payment was $0.52 a share, representing a up of 8.33% from $0.48 last year. Its latest increase dividend $0.04 reported on Tuesday July 26 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.54 for the quarter ending June 29. Its gross profit as reported stood at $13.01 billion compared to revenue of $13.77 billion.

Earnings Surprise

For the three-month period that ended June 29, Truist Financial Corporation had $30.32 billion in total debt. The analyst consensus anticipated Truist Financial Corporation’s latest quarter earnings to come in at $1.15 per share, but it turned out to be $1.2, a 4.30% surprise. At the end of the quarter ending June 29, Truist Financial Corporation’s stock balance sheet showed total debt was $44.05 billion. Shareholders own equity worth $1.33 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Truist Financial Corporation (TFC) price momentum. RSI 9-day as of the close on 22 September was 29.94%, suggesting the stock is oversold, with historical volatility in this time frame at 34.52%.

As of today, TFC’s price is $46.74 -6.90% or -$3.32 from its 5-day moving average. TFC is currently trading -8.78% lower than its 20-day SMA and -7.34% lower than its 100-day SMA. However, the stock’s current price level is -2.84% below the SMA50 and -24.71% below the SMA200.

The stochastic %K and %D were 18.53% and 35.17%, respectively, and the average true range (ATR) was 1.30. With the 14-day stochastic at 1.76% and the average true range at 1.26, the RSI (14) stands at 34.67%. The stock has reached -1.28 on the 9-day MACD Oscillator while the 14-day reading was at -1.25.

Analyst Ratings

Compass Point downgraded Truist Financial Corporation (NYSE: TFC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Truist Financial Corporation (TFC) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell TFC, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

What is TFC’s price target for the next 12 months?

Analysts predict a range of price targets between $41.00 and $70.00, with a median target of $56.00. Taking a look at these predictions, the average price target given by analysts for Truist Financial Corporation (TFC) stock is $55.73.

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