In the latest quarter, 8 analysts provided ratings for Truist Finl TFC, showcasing a mix of bullish and bearish perspectives.
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 | 1 | 4 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $42.0, a high estimate of $44.00, and a low estimate of $38.00. Surpassing the previous average price target of $38.86, the current average has increased by 8.08%.
Breaking Down Analyst Ratings: A Detailed Examination
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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
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: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Truist Finl compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Truist Finl's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
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.
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.
Truist Finl: A Financial Overview
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Negative Revenue Trend: Examining Truist Finl's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -8.22% in revenue growth, reflecting a decrease in 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 lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -90.68%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Truist Finl's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -9.6%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Truist Finl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.96%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Truist Finl's debt-to-equity ratio stands notably higher than the industry average, reaching 1.14. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts 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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