Truist Financial Corporation (NYSE: TFC) Hogging The Spotlight Today

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

The company’s stock has a 5-day price change of 0.08% and -1.79% over the past three months. TFC shares are trading -0.33% year to date (YTD), with the 12-month market performance up to 5.78% 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 9.69 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 -2.11%, 0.69%, and 10.87% respectively.

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Institutional ownership of Truist Financial Corporation (NYSE: TFC) shares accounts for 72.15% of the company’s 1.33B shares outstanding.

It has a market capitalization of $49.11B and a beta (3y monthly) value of 1.07. 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 2.80% over the week and 2.17% over the month.

Analysts forecast that Truist Financial Corporation (TFC) will achieve an EPS of $Truist Financial Corporation for the current quarter, $36.80 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $V.F. Corporation while analysts give the company a high EPS estimate of $Manulife Financial Corporation. Comparatively, EPS for the current quarter was $Teleflex Incorporated a year ago. Earnings per share for the fiscal year are expected to increase by 416.90%, and 12.85% 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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