Truist Financial Corporation (NYSE: TFC)’s stock price has increased by 1.30 compared to its previous closing price of 38.35. However, the company has seen a 1.78% increase in its stock price over the last five trading sessions. Yahoo Finance reported 2024-04-25 that Despite Thursday’s weaker-than-expected GDP figure, which hinted at a slowing economy, Trusist Co-Chief Investment Officer & Chief Market Strategist Keith Lerner joins Market Domination to explain why this number doesn’t accurately reflect the economy’s growth trajectory. Lerner argues that the GDP data was fine “underneath the hood,” showing that consumers and businesses were still spending, and underlying demand remained robust.
Is It Worth Investing in Truist Financial Corporation (NYSE: TFC) Right Now?
The 36-month beta value for TFC is at 1.06. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TFC is 1.33B, and currently, shorts hold a 1.05% of that float. The average trading volume for TFC on May 06, 2024 was 9.10M shares.
TFC’s Market Performance
TFC stock saw an increase of 1.78% in the past week, with a monthly gain of 2.40% and a quarterly increase of 5.60%. The volatility ratio for the week is 1.85%, and the volatility levels for the last 30 days are 2.54% for Truist Financial Corporation (TFC). The simple moving average for the last 20 days is 3.31% for TFC stock, with a simple moving average of 16.08% for the last 200 days.
Analysts’ Opinion of TFC
Many brokerage firms have already submitted their reports for TFC stocks, with Compass Point repeating the rating for TFC by listing it as a “Buy.” The predicted price for TFC in the upcoming period, according to Compass Point is $42 based on the research report published on April 23, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see TFC reach a price target of $43, previously predicting the price at $41. The rating they have provided for TFC stocks is “Overweight” according to the report published on March 19th, 2024.
BofA Securities gave a rating of “Buy” to TFC, setting the target price at $43 in the report published on January 04th of the current year.
TFC Trading at 4.95% 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 -1.12% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares surge +2.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.01% upper at present.
During the last 5 trading sessions, TFC rose by +1.78%, which changed the moving average for the period of 200-days by +9.16% in comparison to the 20-day moving average, which settled at $37.64. In addition, Truist Financial Corporation saw 5.23% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TFC starting from Boyer K. David Jr., who sale 3,764 shares at the price of $37.48 back on Mar 07 ’24. After this action, Boyer K. David Jr. now owns 16,132 shares of Truist Financial Corporation, valued at $141,084 using the latest closing price.
ROGERS WILLIAM H JR, the Chairman & CEO of Truist Financial Corporation, purchase 10,000 shares at $28.05 during a trade that took place back on Oct 20 ’23, which means that ROGERS WILLIAM H JR is holding 412,924 shares at $280,480 based on the most recent closing price.
Stock Fundamentals for TFC
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.88 for the gross margin
The net margin for Truist Financial Corporation stands at -0.05. The total capital return value is set at 0.02. Equity return is now at value -2.43, with -0.27 for asset returns.
Based on Truist Financial Corporation (TFC), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.11. The interest coverage ratio of the stock is 1.17.
Currently, EBITDA for the company is 665.0 million with net debt to EBITDA at -31.32. When we switch over and look at the enterprise to sales, we see a ratio of 3.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
In conclusion, Truist Financial Corporation (TFC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
