Is Truist Financial Corporation (TFC) a Keeper? – News Heater
Home  »  Hot Stocks   »  Is Truist Financial Corporation (TFC) a Keeper?...

Is Truist Financial Corporation (TFC) a Keeper?

Truist Financial Corporation (NYSE:TFC) went up by 0.98% from its latest closing price compared to the recent 1-year high of $68.95. The company’s stock price has collected 0.74% of gains in the last five trading sessions. The Wall Street Journal reported on 05/10/22 that Truist Financial Acquires Gamified Fintech Startup Long Game

Is It Worth Investing in Truist Financial Corporation (NYSE :TFC) Right Now?

Truist Financial Corporation (NYSE:TFC) scored a price-to-earnings ratio above its average ratio, recording 10.33 x from its present earnings ratio. Plus, the 36-month beta value for TFC is at 1.13. Opinions of the stock are interesting as 11 analysts out of 26 who provided ratings for Truist Financial Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 11 rated it as “hold,” and 2 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

The average price from analysts is $60.85, which is $14.63 above the current price. TFC currently public float of 1.33B and currently shorts hold a 0.88% ratio of that float. Today, the average trading volume of TFC was 7.93M shares.

TFC’s Market Performance

TFC stocks went up by 0.74% for the week, with a monthly drop of -0.15% and a quarterly performance of -20.95%, while its annual performance rate touched -12.35%. The volatility ratio for the week stands at 3.46% while the volatility levels for the past 30 days are set at 2.82% for Truist Financial Corporation. The simple moving average for the period of the last 20 days is -3.14% for TFC stocks with a simple moving average of -19.86% for the last 200 days.

Analysts’ Opinion of TFC

BofA Securities, on the other hand, stated in their research note that they expect to see TFC reach a price target of $58. The rating they have provided for TFC stocks is “Neutral” according to the report published on April 08th, 2022.

UBS gave a rating of “Buy” to TFC, setting the target price at $77 in the report published on January 19th of the current year.

TFC Trading at -6.04% from the 50-Day Moving Average

After a stumble in the market that brought TFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.86% of loss for the given period.

Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares surge +0.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.44% lower at present.

During the last 5 trading sessions, TFC rose by +0.74%, which changed the moving average for the period of 200-days by -17.66% in comparison to the 20-day moving average, which settled at $47.80. In addition, Truist Financial Corporation saw -20.94% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TFC starting from VOORHEES STEVEN C, who purchase 20,000 shares at the price of $49.82 back on May 04. After this action, VOORHEES STEVEN C now owns 60,873 shares of Truist Financial Corporation, valued at $996,320 using the latest closing price.

KING KELLY S, the Director of Truist Financial Corporation, sale 29 shares at $52.55 during a trade that took place back on Apr 21, which means that KING KELLY S is holding 1,237 shares at $1,508 based on the most recent closing price.

Stock Fundamentals for TFC

Current profitability levels for the company are sitting at:

  • +37.99 for the present operating margin

The net margin for Truist Financial Corporation stands at +27.77. Equity return is now at value 9.80, with 1.10 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.26.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]