In a report issued on December 31, Jason Goldberg from Barclays maintained a Hold rating on Truist Financial (TFC – Research Report), with a price target of $72.00. The company’s shares closed last Tuesday at $62.35, close to its 52-week high of $65.42.
According to TipRanks.com, Goldberg is a 5-star analyst with an average return of 13.2% and a 61.2% success rate. Goldberg covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Capital One Financial, and Huntington Bancshares.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Truist Financial with a $67.88 average price target.
The company has a one-year high of $65.42 and a one-year low of $45.44. Currently, Truist Financial has an average volume of 4.45M.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TFC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Truist Financial Corporation was formed in December 2019 following the merger of BB&T and SunTrust banks. It is the sixth largest commercial bank in the United States. The firm has three operating business segments: Consumer Banking and Wealth (CB&W), Corporate and Commercial Banking (C&CB) and Insurance Holdings (IH). The CB&W unit offers retail community banking, wealth, mortgage banking and dealer retail services. Under the C&CB division, it provides services such as corporate, investment and commercial community banking. The IH segment offers property and casualty insurance, life insurance surety coverage, employee benefits, title insurance, commercial and retail insurance premium finance.
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