Truist Financial Corporation (NYSE:TFC) previous close was $60.88 while the outstanding shares total 1.35B. The firm has a beta of 1.33, a 12-month trailing P/E ratio of 18.35, and a growth ratio of 2.06. TFC’s shares traded higher over the last trading session, gaining 0.54% on 05/24/21. The shares fell to a low of $60.70 before closing at $61.21. Intraday shares traded counted 3.28 million, which was 44.69% higher than its 30-day average trading volume of 5.93M. The stock’s Relative Strength Index (RSI) is 56.92, with weekly volatility at 1.96% and ATR at 1.39. The TFC stock’s 52-week price range has touched low of $32.76 and a $62.69 high.
Investors have identified the Banks – Regional company Truist Financial Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $81.48 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Truist Financial Corporation (TFC) Fundamentals that are to be considered.
TFC were able to record -132.0 million as free cash flow during the 07/15/2021 quarter of the year, this saw their quarterly net cash flow reduce by 13.26 billion. In cash movements, the company had a total of -33.0 million as operating cash flow.
Potential earnings growth for Truist Financial Corporation (TFC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/15/2021 quarter of the year, Truist Financial Corporation recorded a total of 3.49 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -26.67% coming in sequential stages and their sales for the 07/15/2021 quarter reducing by -3.35%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 209.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 3.29 billion. This allows shareholders to hold on to 1.35B with the recently reported earning now reading 0.99 cents per share. This is a figure that compared to analyst’s prediction for their 07/15/2021 (1.18 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.76 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TFC sounds very interesting.
Is the stock of TFC attractive?
In related news, Sr. Executive Vice President, Thompson Joseph M sold 5,265 shares of the company’s stock in a transaction that recorded on Apr 26. The sale was performed at an average price of 58.20, for a total value of 306,434. As the sale deal closes, the Director, Thompson Thomas Nichols now sold 430 shares of the company’s stock, valued at 24,480. Also, Sr. Executive Vice President, Maguire Michael Baron sold 3,250 shares of the company’s stock in a deal that was recorded on Apr 19. The shares were price at an average price of 58.16 per share, with a total market value of 189,020. Following this completion of acquisition, the Corp. Controller, Exec VP, Powell Cynthia B now holds 2,133 shares of the company’s stock, valued at 124,997. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
11 out of 23 analysts covering the stock have rated it a Buy, while 12 have maintained a Hold recommendation on Truist Financial Corporation. 0 analysts has assigned a Sell rating on the TFC stock. The 12-month mean consensus price target for the company’s shares has been set at $65.05.