Truist Financial Corporation (NYSE: TFC): Hunting Genuine Value In Market Debris

Currently, there are 1.33B common shares owned by the public and among those 1.33B shares have been available to trade.

However, the script later moved the day high at 37.31, down -1.56%. The company’s stock has a 5-day price change of 1.80% and 2.90% over the past three months. TFC shares are trading 3.93% year to date (YTD), with the 12-month market performance up to 11.31% higher. It has a 12-month low price of $25.56 and touched a high of $39.29 over the same period. TFC has an average intraday trading volume of 9.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.18%, 5.21%, and 17.15% respectively.

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Institutional ownership of Truist Financial Corporation (NYSE: TFC) shares accounts for 72.21% of the company’s 1.33B shares outstanding.

It has a market capitalization of $51.21B and a beta (3y monthly) value of 1.08. The earnings-per-share (ttm) stands at -$1.10. The company has a debt-to-equity ratio at 1.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.68% over the week and 2.59% over the month.

Earnings per share for the fiscal year are expected to increase by 420.12%, and 12.36% over the next financial year.

Looking at the support for the TFC, a number of firms have released research notes about the stock. Stephens stated their Overweight rating for the stock in a research note on March 19, 2024, with the firm’s price target at $41-$43. BofA Securities coverage for the Truist Financial Corporation (TFC) stock in a research note released on January 04, 2024 offered a Buy rating with a price target of $43. Odeon was of a view on December 14, 2023 that the stock is Buy, while Keefe Bruyette gave the stock Outperform rating on September 21, 2023, issuing a price target of $37- $36. Piper Sandler on their part issued Neutral rating on September 15, 2023.

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