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Truist Financial Corporation (TFC) is a Top-Ranked Value Stock: Should You Buy? – Yahoo Finance

Written by Amanda

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

Truist Financial, formed following the ‘merger of equals’ deal between BB&T Corp and SunTrust Banks, is one of the largest commercial banks in the United States. The company — headquartered in Charlotte, NC — conducts business operations primarily through its bank subsidiary, Truist Bank, and few other non-bank subsidiaries.

TFC boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Truist Financial Corporation are trading at a forward earnings multiple of 11.5X, as well as a PEG Ratio of 1.8, a Price/Cash Flow ratio of 4.5X, and a Price/Sales ratio of 1.8X.

Value investors don’t just pay attention to a company’s valuation ratios; positive earnings play a crucial role, too. Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.14 to $3.69 per share. TFC has an average earnings surprise of 6.2%.

TFC should be on investors’ short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.

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Truist Financial Corporation (TFC) : Free Stock Analysis Report

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Zacks Investment Research

Source: finance.yahoo.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai