TCF Financial Corporation (TCF) shares are trading at lower $27.01 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $32.71.
To add more color to this target, the company’s high over the last year is $47.46 and the low is $16.96. Over the last 52 weeks, TCF is down -31.15% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, TCF reported a profit of $378.36 million. TCF Financial Corporation also saw revenues increase to $438.37 million. In addition, TCF has free cash flow of -$569.0 million as of 06-2020.
TCF booked profit margins of 10.50%, its Return on Equity (ROE) is 3.60%, and its Return on Assets is 0.40%. All told, it is clear that, TCF needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TCF has a short ratio of 5.91 and outstanding shares of 151.61M.
TCF has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 1.34. Investors should also keep an eye on sector updates as TCF has historically followed its peers on positive news.
All told, TCF Financial Corporation TCF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TCF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
TCF Financial Corporation TCF is now commanding a market cap of 4.02B and a float of 150.23M. TCF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TCF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in TCF, either long or short, and we have not been compensated for this article.