Barclays Remains a Sell on Truist Financial (TFC)

Barclays analyst Jason Goldberg maintained a Sell rating on Truist Financial today and set a price target of $56.00.

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According to TipRanks, Goldberg is a 5-star analyst with an average return of 16.8% and a 68.47% success rate. Goldberg covers the Financial sector, focusing on stocks such as Bank of America, Citigroup, and JPMorgan Chase.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Truist Financial with a $56.80 average price target.

Based on Truist Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.66 billion and a net profit of $1.35 billion. In comparison, last year the company earned a revenue of $7.65 billion and had a net profit of $1.28 billion

Based on the recent corporate insider activity of 28 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. Earlier this month, Cynthia B. Powell, the Corp. Controller & CAO of TFC sold 3,500.00 shares for a total of $183,715.00.