RBC Capital analyst Gerard Cassidy maintained a Buy rating on Truist Financial (NYSE:TFC) on Thursday, setting a price target of $65, which is approximately 7.40% above the present share price of $60.52.
Cassidy expects Truist Financial to post earnings per share (EPS) of $1.16 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Truist Financial, with an average price target of $64.75.
The analysts price targets range from a high of $76 to a low of $57.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $5.65 billion and a net profit of $0. The company's market cap is $80.78 billion.
According to TipRanks.com, RBC Capital analyst Gerard Cassidy is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.1% and a 83.81% success rate.
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.