Truist Financial Co. (NYSE:TFC – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $43.17.
A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Truist Financial from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. StockNews.com cut shares of Truist Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $43.00 price target on shares of Truist Financial in a research note on Monday, April 22nd. Piper Sandler upped their price target on shares of Truist Financial from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Finally, HSBC upped their price target on shares of Truist Financial from $40.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th.
View Our Latest Stock Analysis on TFC
Institutional Inflows and Outflows
Truist Financial Stock Up 2.7 %
TFC stock opened at $38.85 on Friday. The company has a market cap of $51.99 billion, a price-to-earnings ratio of -29.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.82 and a quick ratio of 0.82. Truist Financial has a 12 month low of $26.57 and a 12 month high of $40.51. The company has a fifty day moving average price of $37.89 and a 200 day moving average price of $37.13.
Truist Financial (NYSE:TFC – Get Free Report) last announced its quarterly earnings data on Monday, April 22nd. The insurance provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. The company had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $5.70 billion. Truist Financial had a negative net margin of 4.28% and a positive return on equity of 9.15%. Truist Financial’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. Sell-side analysts expect that Truist Financial will post 3.36 earnings per share for the current year.
Truist Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 10th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, May 9th. This represents a $2.08 annualized dividend and a dividend yield of 5.35%. Truist Financial’s payout ratio is currently -157.58%.
Truist Financial Company Profile
Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.
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