Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Truist Finl TFC in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 2 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $39.72, a high estimate of $44.00, and a low estimate of $33.00. This current average reflects an increase of 7.76% from the previous average price target of $36.86.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Gerard Cassidy | RBC Capital | Raises | Outperform | $42.00 | $40.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Outperform | $44.00 | $42.00 |
| Michael Rose | Raymond James | Raises | Outperform | $41.00 | $34.00 |
| Ebrahim Poonawala | B of A Securities | Announces | Buy | $43.00 | - |
| 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 |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
Delving into Truist Finl's Background
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: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Truist Finl faced challenges, resulting in a decline of approximately -2.99% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Truist Finl's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 18.88%, the company may encounter challenges in effective cost control.
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 averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.2%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.13, caution is advised due to increased financial risk.
What Are Analyst Ratings?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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