Truist Financial Corporation (NYSE: TFC): Stock That Needs Special Handling

Currently, there are 1.33B common shares owned by the public and among those 1.32B shares have been available to trade.

The company’s stock has a 5-day price change of 2.80% and 9.54% over the past three months. TFC shares are trading 30.28% year to date (YTD), with the 12-month market performance up to 51.35% higher. It has a 12-month low price of $31.23 and touched a high of $48.06 over the same period. TFC has an average intraday trading volume of 8.13 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 5.72%, 9.83%, and 19.56% respectively.

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Institutional ownership of Truist Financial Corporation (NYSE: TFC) shares accounts for 73.34% of the company’s 1.33B shares outstanding.

It has a market capitalization of $65.42B and a beta (3y monthly) value of 1.05. The earnings-per-share (ttm) stands at -$1.46. The company has a debt-to-equity ratio at 0.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.13% over the week and 1.95% over the month.

Earnings per share for the fiscal year are expected to increase by 411.81%, and 17.30% over the next financial year.

Citigroup coverage for the Truist Financial Corporation (TFC) stock in a research note released on July 24, 2024 offered a Neutral rating with a price target of $47. Robert W. Baird was of a view on July 17, 2024 that the stock is Neutral, while Barclays gave the stock Equal Weight rating on May 16, 2024, issuing a price target of $43. Evercore ISI on their part issued In-line rating on May 09, 2024.

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