Ratings for Truist Finl TFC were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Truist Finl, presenting an average target of $36.06, a high estimate of $42.00, and a low estimate of $31.00. This current average reflects an increase of 3.03% from the previous average price target of $35.00.
Interpreting Analyst Ratings: A Closer Look
The standing of Truist Finl among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jason Goldberg | Barclays | Raises | Equal-Weight | $42.00 | $40.00 |
| Dick Bove | Odeon Capital | Announces | Buy | $40.45 | - |
| Stephen Scouten | Piper Sandler | Raises | Neutral | $34.00 | $31.00 |
| Betsy Graseck | Morgan Stanley | Lowers | Equal-Weight | $38.00 | $40.00 |
| John Pancari | Evercore ISI Group | Raises | In-Line | $33.00 | $31.00 |
| Stephen Scouten | Piper Sandler | Lowers | Neutral | $31.00 | $32.00 |
| Michael Rose | Raymond James | Lowers | Outperform | $34.00 | $36.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Truist Finl. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Truist Finl compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Truist Finl's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Truist Finl's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Truist Finl analyst ratings.
About Truist Finl
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.
Financial Insights: Truist Finl
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Challenges: Truist Finl's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -2.99%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Truist Finl's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 18.88%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Truist Finl's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.91%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Truist Finl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.2%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Truist Finl's debt-to-equity ratio stands notably higher than the industry average, reaching 1.13. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding the Relevance of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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