During the last three months, 14 analysts shared their evaluations of Truist Finl TFC, revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 5 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 2 | 3 | 0 | 0 |
| 2M Ago | 1 | 3 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $43.32, a high estimate of $49.00, and a low estimate of $39.00. This upward trend is evident, with the current average reflecting a 6.2% increase from the previous average price target of $40.79.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils 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 |
|---|---|---|---|---|---|
| John Pancari | Evercore ISI Group | Announces | In-Line | $44.00 | - |
| Saul Martinez | HSBC | Raises | Hold | $41.00 | $40.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Outperform | $46.00 | $45.00 |
| Vivek Juneja | JP Morgan | Raises | Neutral | $40.50 | $39.50 |
| Keith Horowitz | Citigroup | Raises | Buy | $45.00 | $42.00 |
| Terry McEvoy | Stephens & Co. | Maintains | Overweight | $43.00 | - |
| David Rochester | Compass Point | Raises | Buy | $42.00 | $34.00 |
| Betsy Graseck | Morgan Stanley | Maintains | Equal-Weight | $43.00 | $43.00 |
| Ken Usdin | Jefferies | Raises | Hold | $41.00 | $40.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Outperform | $45.00 | $44.00 |
| 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 |
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: Offering insights into predictions, analysts assign qualitative values, 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.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Truist Finl's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Truist Finl analyst ratings.
All You Need to Know 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 Milestones: Truist Finl's Journey
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Truist Finl's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -15.44%. This indicates a decrease in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Truist Finl's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 22.64%, 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 2.09%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Truist Finl's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.2%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 1.25, Truist Finl faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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