Ratings for Truist Finl TFC were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 4 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $42.88, a high estimate of $49.00, and a low estimate of $38.00. This upward trend is apparent, with the current average reflecting a 7.52% increase from the previous average price target of $39.88.
Analyzing Analyst Ratings: A Detailed Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive Truist Finl. The following summary 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 |
|---|---|---|---|---|---|
| Erika Najarian | UBS | Raises | Buy | $49.00 | $45.00 |
| Mike Mayo | Wells Fargo | Raises | Overweight | $45.00 | $39.00 |
| Saul Martinez | HSBC | Raises | Hold | $39.00 | $37.00 |
| Terry McEvoy | Stephens & Co. | Raises | Overweight | $43.00 | $41.00 |
| Betsy Graseck | Morgan Stanley | Raises | Equal-Weight | $43.00 | $38.00 |
| Scott Siefers | Piper Sandler | Raises | Neutral | $38.00 | $37.00 |
| Gerard Cassidy | RBC Capital | Raises | Outperform | $42.00 | $40.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Outperform | $44.00 | $42.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction 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 provide insights into price targets, offering estimates for the future value of Truist Finl's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Truist Finl's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Truist Finl analyst ratings.
Discovering Truist Finl: A Closer Look
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.
Truist Finl: A Financial Overview
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Decline in Revenue: Over the 3 months period, Truist Finl faced challenges, resulting in a decline of approximately -8.22% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Truist Finl's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -90.68%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Truist Finl's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -9.6%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.96%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.14, caution is advised due to increased financial risk.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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