While Truist Financial Corporation has underperformed by -0.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TFC rose by 16.94%, with highs and lows ranging from $49.06 to $34.23, whereas the simple moving average jumped by 5.89% in the last 200 days.
On January 07, 2025, HSBC Securities Upgraded Truist Financial Corporation (NYSE: TFC) to Buy. A report published by Wolfe Research on August 09, 2024, Upgraded its rating to ‘Peer Perform’ for TFC. Citigroup also Downgraded TFC shares as ‘Neutral’, setting a target price of $47 on the company’s shares in a report dated July 24, 2024. Barclays initiated its ‘Equal Weight’ rating for TFC, as published in its report on May 16, 2024. Evercore ISI’s report from May 09, 2024 suggests a price prediction of $44 for TFC shares, giving the stock a ‘In-line’ rating. Compass Point also rated the stock as ‘Buy’.
Analysis of Truist Financial Corporation (TFC)
The current dividend for TFC investors is set at $2.08 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -8.24%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Truist Financial Corporation’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -10.11% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and TFC is recording an average volume of 7.94M. On a monthly basis, the volatility of the stock is set at 2.18%, whereas on a weekly basis, it is put at 2.13%, with a gain of 1.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.39, showing growth from the present price of $43.97, which can serve as yet another indication of whether TFC is worth investing in or should be passed over.
How Do You Analyze Truist Financial Corporation Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.22%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.12% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TFC shares are owned by institutional investors to the tune of 73.12% at present.
