Truist Financial Co. (NYSE:TFC) has received a “Hold” rating from eighteen analysts, according to Bloomberg Ratings. The stock has been given a hold rating by eleven research analysts, while seven have rated it as a buy. These ratings are based on the analysis of various factors surrounding the company’s performance and prospects.
In the past year, several large investors have made changes to their stakes in Truist Financial. Fairfield Bush & CO. acquired a new position in the company during the 1st quarter, valued at approximately $25,000. Similarly, Grey Fox Wealth Advisors LLC purchased shares worth around $28,000 in the fourth quarter. J.Safra Asset Management Corp also bought shares in the 4th quarter for about $29,000, while AXS Investments LLC and Winch Advisory Services LLC invested $31,000 and $26,000 respectively in Truist Financial during separate periods. Currently, institutional investors own about 71.11% of the stock.
Moreover, Truist Financial recently announced its quarterly dividend payment. Shareholders of record on Friday, August 11th were issued a dividend of $0.52 per share on Friday, September 1st. This represents an annualized dividend of $2.08 and yields 7.33%. The ex-dividend date for this payout was Thursday, August 10th.
It is important to consider all relevant information before making any investment decisions based on these ratings and dividend announcements. The average 12-month price objective among brokerages that have reported on Truist Financial is $39.83.
As always when assessing investments or financial matters there is no guarantee that these predictions will come true or that they are wholly accurate; investors should consult with professionals for personalized advice regarding their investment strategies and risk tolerance.
In conclusion, market analysts have maintained mixed opinions on Truist Financial Co., with some suggesting a hold rating while others recommend buying shares. Additionally, large investors have made varying changes to their stakes in the company. The recent dividend announcement provides added financial information for potential investors to consider. It is essential for individuals interested in investing in Truist Financial to thoroughly research and assess the available data before making any investment decisions.
Truist Financial Corporation
Updated on: 03/03/2024
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
ROE: Strong Sell
We did not find social sentiment data for this stock
|Analyst / firm
Youssef Squali Squali
Analyst Ratings and Targets Vary for Truist Financial (TFC)
Truist Financial Corporation (TFC) has recently caught the attention of several analysts, leading to varying ratings and target prices for the company. One notable analyst firm, Raymond James, upgraded Truist Financial from a “market perform” rating to an “outperform” rating and set a target price of $36.00 for the stock on July 6th. This move was primarily based on a valuation call made by Raymond James.
Another analyst firm, Keefe, Bruyette & Woods, also upgraded Truist Financial from a “market perform” rating to an “outperform” rating in a research note published on an unspecified date. This indicates that the financial institution believes in the growth potential of Truist Financial.
On the contrary, Citigroup reduced their target price for Truist Financial from $41.00 to $39.00 but maintained their “buy” rating on the stock in a research note dated July 24th. However, despite the lowered target price, Citigroup still sees value in investing in Truist Financial.
Piper Sandler took a different stance altogether by downgrading Truist Financial from an “overweight” rating to a “neutral” rating and decreasing their price target from $36.00 to $32.00 on September 15th. This downgrade suggests that Piper Sandler has become more cautious about the company’s prospects.
Lastly, Jefferies Financial Group downgraded shares of Truist Financial from a “buy” rating to a “hold” rating and lowered their price target from $37.00 to $32.00 on July 11th. This change reflects their belief that it is no longer advisable for investors to purchase shares of Truist Financial at this time.
As of Thursday’s opening session, TFC started trading at $28.37 per share. The company boasts favorable liquidity ratios with a quick ratio of 0.82 and a current ratio of 0.83, indicating its ability to meet short-term obligations. However, its debt-to-equity ratio stands at 0.78.
Over the past year, Truist Financial has experienced significant fluctuations in its stock price, reaching a low of $25.56 and a high of $53.34. Currently, the company has a market capitalization of $37.79 billion and a price-earnings (PE) ratio of 6.57, which suggests that investors are valuing Truist Financial relatively low compared to its earnings.
The stock also has a price-earnings growth (PEG) ratio of 1.73, which indicates that Truist Financial’s future earnings growth is expected to be slightly higher than its current valuation.
In terms of volatility, Truist Financial has a beta of 1.05, indicating that it is moderately correlated with the overall market movements.
Truist Financial released its quarterly earnings data on July 20th, reporting earnings per share (EPS) of $0.92 for the quarter. This figure fell short of analysts’ consensus estimate by ($0.08). The company generated $5.97 billion in revenue for the quarter, meeting analysts’ expectations precisely.
With a net margin of 20.17% and a return on equity (ROE) of 11.73%, Truist Financial continues to demonstrate strong financial health despite falling short on EPS projections.
Compared to the same period last year, the company’s quarterly revenue grew by 5.1%. It is important to note that in the prior year’s corresponding period, Truist Financial achieved an EPS figure of $1.20.
Equity research analysts have projected that Truist Financial will post earnings per share (EPS) totaling around 3.71 for the current fiscal year.
As market conditions evolve and new information emerges, it is always advisable for investors to consider multiple analyst reports, as well as their own comprehensive research when making investment decisions.