Robert W. Baird Sticks to Their Hold Rating for Truist Financial (TFC)
In a report released today, David George from Robert W. Baird maintained a Hold rating on Truist Financial, with a price target of $52.00.
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George covers the Financial sector, focusing on stocks such as JPMorgan Chase, Simmons 1st Nat’l, and Synchrony Financial. According to TipRanks, George has an average return of 11.2% and a 65.18% success rate on recommended stocks.
In addition to Robert W. Baird, Truist Financial also received a Hold from TipRanks – xAI’s xAi Banks – Regional in a report issued on January 28. However, on the same day, TipRanks – PerPlexity upgraded Truist Financial (NYSE: TFC) to a Buy.
Based on Truist Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.84 billion and a net profit of $1.45 billion. In comparison, last year the company earned a revenue of $7.84 billion and had a net profit of $1.44 billion
Based on the recent corporate insider activity of 23 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. Last month, Michael Baron Maguire, the CFO of TFC sold 13,000.00 shares for a total of $651,560.00.
Read More on TFC:
Disclaimer & DisclosureReport an Issue
- Truist Financial raises $2.85 billion in new notes
- Truist Financial price target raised to $58 from $54 at Argus
- Truist Financial price target raised to $60 from $59 at TD Cowen
- Truist Financial price target raised to $53 from $50 at Piper Sandler
- Truist Financial’s Earnings Call Maps Path to Higher Returns
