Truist Financial Corporation (NYSE:TFC) saw a downside of -0.59% to close Monday at $28.61 after subtracting -$0.17 on the day. The 5-day average trading volume is 11,256,840 shares of the company’s common stock. It has gained $30.22 in the past week and touched a new high 1 time within the past 5 days. An average of 11,039,455 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,798,640.
TFC’s 1-month performance is -13.43% or -$4.44 on its low of $28.15 reached on 08/21/23. The company’s shares have touched a 52-week low of $25.56 and high of $51.26, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, TFC has lost -33.51% or -$14.42 and has reached a new high 11 times. However, the current price is down -44.19% from the 52-week high price.
Insider Transactions
TFC stock investors last saw insider trading activity on May 03.Cummins Hugh S. III (Vice Chair) most recently sold 35,229 shares at $49.05 per share on Jan 27. This transaction cost the insider $1,728,159.
Valuation Metrics
TFC stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.78 while the price-to-book (PB) in the most recent quarter is 0.67, with the price to cash flow ratio at 3.74.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.79, while the total debt to equity was 0.79. The firm’s gross profit as reported stood at $14.32 billion against revenue of $16.64 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TFC to announce $1.01 per share in earnings in its latest quarter, but it posted $0.95, representing a -5.90% surprise. Shareholders hold equity totaling $1.33 billion.
Let’s look briefly at Truist Financial Corporation (TFC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 21.69% to suggest the stock is trending oversold, with historical volatility in this time period at 20.92%.
The stock’s 5-day moving average is $29.01, reflecting a -6.41% or -$1.96 change from its current price. TFC is currently trading -14.60% above its 20-day SMA, -14.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.70% and SMA200 by-36.17%.
Stochastic %K and %D was 6.93% and 4.73% and the average true range (ATR) pointed at 0.88. The RSI (14) points at 30.44%, while the 14-day stochastic is at 10.22% with the period’s ATR at 0.94. The stock’s 9-day MACD Oscillator is pointing at -1.25 and -2.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Truist Financial Corporation (NYSE: TFC), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for TFC stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TFC as a “sell,”, while 16 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 7 have offered a “buy” rating.
What is TFC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $29.50 and a high of $45.00, with their median price target at $36.25. Looking at these predictions, the average price target given by analysts is for Truist Financial Corporation (TFC) stock is $36.53.
