Truist Financial Corporation (NYSE:TFC) price on current trading day, rose 3.98% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $46.77.
A look at the stock’s price movement, the level at last check in today’s session was $44.98, moving within a range at $46.55 and $47.745. The beta value (5-Year monthly) was 1.035. Turning to its 52-week performance, $49.06 and $34.23 were the 52-week high and 52-week low respectively. Overall, TFC moved 3.27% over the past month.
Truist Financial Corporation’s market cap currently stands at around $62.09 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 2.08, with its dividend yield at 4.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 5B for the company’s revenue for the quarter, with a low and high estimate of 4.99B and 5.01B respectively. The average forecast suggests up to a 2.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 20.64B, representing a 52.97% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TFC is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 8 recommend TFC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TFC’s current price about 6.62% and 2.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.26, while 7-day volatility ratio is 1.77% and 2.14% in the 30-day chart. Further, Truist Financial Corporation (TFC) has a beta value of 1.05, and an average true range (ATR) of 1.12. Analysts have given the company’s stock an average 52-week price target of $47, forecast between a low of $43 and high of $51. Looking at the price targets, the low is 8.06% off recent price level in today’s trading while to achieve the yearly target high, it has to move -9.04%. Nonetheless, investors will most likely welcome a -0.49% jump to $47 which is the analysts’ median price.
If we refocus on Truist Financial Corporation (NYSE:TFC), historical trading data shows that trading volumes averaged 7.54 over the past 10 days and 7.80 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.33 billion shares.
The 0.22% of Truist Financial Corporation’s shares are in the hands of company insiders while institutional holders own 73.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.1 million on 2024-12-31, giving us a short ratio of 2.27. The data shows that as of 2024-12-31 short interest in Truist Financial Corporation (TFC) stood at 121.0 of shares outstanding, with shares short falling to 17.98 million registered in 2024-11-29. Current price change has pushed the stock 7.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TFC stock continues to rise going into the next quarter.
