Truist Financial Corporation (NYSE:TFC) finished Thursday with an addition of $0.38 to close at $28.86, an upside of 1.33 percent. An average of 9,487,980 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 10,495,720 shares traded, while the 50-day average volume stands at 10,540,346.
TFC stock has decreased by -13.49% in the last month. The company shares reached their 1-month lowest point of $27.95 on 08/22/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $25.56 and a high of $51.26 in 52 weeks. It has reached a new high 11 times so far this year and lost -32.93% or -$14.17 in price. In spite of this, the price is down -43.70% from the 52-week high.
Insider Transactions
TFC stock investors should be aware that Truist Financial Corporation (TFC) stock had its last reported insider trading activity 210 days ago on May 03.
Valuation Metrics
Truist Financial Corporation (TFC) has a trailing price-to-earnings (P/E) ratio of 6.67. The stock’s beta is 1.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.79, the price-to-book (PB) ratio at 0.68, and the price-to-cash flow ratio at 3.78.
The company has a payout ratio of 47.70%. The company’s most recent quarterly dividend payment was $0.52 a share, without any change from 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 0.79 and a total debt to equity ratio of 0.79 for the recent quarter. Its gross profit as reported stood at $14.32 billion compared to revenue of $16.64 billion.
Earnings Surprise
For the recent quarter, Truist Financial Corporation had $44.75 billion in total debt. At the end of the recent quarter, Truist Financial Corporation’s stock balance sheet showed total debt was $73.79 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 24 August was 33.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.65%.
As of today, TFC’s price is $28.56 -0.38% or -$0.11 from its 5-day moving average. TFC is currently trading -9.78% lower than its 20-day SMA and -15.37% lower than its 100-day SMA. However, the stock’s current price level is -10.93% below the SMA50 and -33.90% below the SMA200.
The stochastic %K and %D were 10.92% and 8.47%, respectively, and the average true range (ATR) was 0.80. With the 14-day stochastic at 19.36% and the average true range at 0.87, the RSI (14) stands at 36.11%. The stock has reached -0.54 on the 9-day MACD Oscillator while the 14-day reading was at -1.59.
Analyst Ratings
Jefferies downgraded Truist Financial Corporation (NYSE: TFC) to a a Hold 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, 1 brokerage firm advise that investors sell TFC, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 7 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 $29.50 and $45.00, with a median target of $36.25. Taking a look at these predictions, the average price target given by analysts for Truist Financial Corporation (TFC) stock is $36.53.
