On September 12, 2023, Gerard Cassidy, an analyst at RBC Capital, reaffirmed his positive outlook on Truist Financial (TFC) and maintained a price target of $40. The general consensus among analysts on Truist Financial as of this date is a Moderate Buy, with an average price target of $36.38. This suggests a potential upside of 20.82% from the current price. The average one-year price target for Truist Financial is $49.21, with a high estimate of $59.85 and a low estimate of $31.31. Overall, the consensus among analysts is that Truist Financial is expected to outperform, with an average target price of $36.65.
Truist Financial Corporation
Updated on: 12/09/2023
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Youssef Squali Squali
TFC Stock Performance on September 12, 2023: Positive Price Increase and Revenue Growth
TFC Stock Performance on September 12, 2023
On September 12, 2023, TFC (Truist Financial Corporation) stock opened at $30.40, slightly higher than the previous day’s closing price of $30.11. Throughout the day, the stock’s price fluctuated within a range of $30.15 to $30.79. The trading volume for the day was 2,886,608 shares, which is significantly lower than the average volume of 11,544,019 shares over the past three months.
Truist Financial Corporation, with a market capitalization of $39.7 billion, is a regional bank operating in the finance sector. The company’s earnings growth in the past year was -1.09%, indicating a slight decline. Furthermore, the earnings growth for the current year is -10.94%. However, the company is projected to experience positive earnings growth in the next five years, with an estimated growth rate of 4.12%.
Despite the negative earnings growth, Truist Financial Corporation has shown positive revenue growth of 10.22% in the previous year. This indicates that the company’s top line is expanding, which could potentially lead to improved profitability in the future.
In terms of valuation, TFC stock has a price-to-earnings (P/E) ratio of 7.0. This suggests that investors are willing to pay $7 for every dollar of earnings generated by the company. The price/sales ratio is 2.25, indicating that the stock is valued at 2.25 times its annual revenue. The price/book ratio is 0.73, suggesting that the stock is trading at a discount to its book value.
On September 12, 2023, TFC stock experienced a modest increase of $0.19, representing a percentage change of 0.19%. This positive movement could be attributed to various factors, such as market sentiment or company-specific news.
Truist Financial Corporation is scheduled to report its next earnings on October 19, 2023. Analysts are forecasting an earnings per share (EPS) of $0.95 for the current quarter. In the previous fiscal year, the company reported annual revenue of $25.6 billion and a profit of $6.3 billion. The net profit margin for the company stands at 24.49%, indicating that it retains a significant portion of its revenue as profit.
Truist Financial Corporation is headquartered in Charlotte, North Carolina. As a regional bank operating in the finance sector, the company focuses on providing financial services to individuals and businesses in the region.
In conclusion, TFC stock showed a slight increase in its price on September 12, 2023. Despite the negative earnings growth in the past year and the current year, the company has demonstrated positive revenue growth. The stock is trading at a relatively low valuation compared to its earnings and book value. Investors will be eagerly awaiting the next earnings report to gain further insights into the company’s financial performance.
Truist Financial Corp (TFC) Stock Analysis: Positive Price Forecasts and Potential for Growth
On September 12, 2023, Truist Financial Corp (TFC) stock had a median target price forecast of $36.00, with a high estimate of $45.00 and a low estimate of $29.00. According to CNN Money, there are 25 analysts offering 12-month price forecasts for TFC stock. These analysts have a consensus to hold the stock, and this rating has remained unchanged since September. Looking at the financial performance of TFC, the current quarter earnings per share (EPS) stands at $0.95, while sales amount to $5.9 billion. Investors and market participants eagerly await the reporting date for TFC’s current quarter, which is scheduled for October 19. Overall, the current data suggests that TFC stock has the potential for growth, as indicated by the positive price forecasts from analysts. However, investors should closely monitor the upcoming earnings report and any other relevant news or developments that may impact the stock’s performance.