Truist Financial Corporation (TFC) concluded trading on Wednesday at a closing price of $47.44, with 5.57 million shares of worth about $264.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.70% during that period and on January 29, 2025 the price saw a gain of about 0.36%. Currently the company’s common shares owned by public are about 1.33B shares, out of which, 1.32B shares are available for trading.
Stock saw a price change of 0.91% in past 5 days and over the past one month there was a price change of 7.82%. Year-to-date (YTD), TFC shares are showing a performance of 9.36% which increased to 25.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.23 but also hit the highest price of $49.06 during that period. The average intraday trading volume for Truist Financial Corporation shares is 7.82 million. The stock is currently trading 4.84% above its 20-day simple moving average (SMA20), while that difference is up 3.92% for SMA50 and it goes to 12.76% higher than SMA200.
Truist Financial Corporation (NYSE: TFC) currently have 1.33B outstanding shares and institutions hold larger chunk of about 73.08% of that.
The stock has a current market capitalization of $62.98B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 14.25, while it has posted earnings per share of $3.33 in the same period. Its PEG reads 1.06 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TFC, volatility over the week remained 1.64% while standing at 1.92% over the month.
Stock’s fiscal year EPS is expected to rise by 19.77% while it is estimated to increase by 14.26% in next year. EPS is likely to grow at an annualized rate of 13.48% for next 5-years, compared to annual growth of -2.00% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on January 07, 2025 offering a Buy rating for the stock and assigned a target price of $50 to it. On July 24, 2024, Citigroup Downgrade their recommendations, while on July 17, 2024, Robert W. Baird Downgrade their ratings for the stock with a price target of $45. Stock get an Equal weight rating from Barclays on May 16, 2024.
