First American Financial Corp. Upgraded to Neutral by Zacks (FAF)
First American Financial Corp. (NYSE:FAF) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a $23.00 target price on the stock. Zacks‘ price target points to a potential upside of 2.50% from the company’s current price.
A number of other firms have also recently commented on FAF. Analysts at Keefe, Bruyette & Woods upgraded shares of First American Financial Corp. (NYSE:FAF) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 3rd. Separately, analysts at Barclays Capital raised their price target on shares of First American Financial Corp. (NYSE:FAF) from $26.00 to $28.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of First American Financial Corp. (NYSE:FAF) from $54.00 to $56.00 in a research note to investors on Thursday, July 11th. They now have a “buy” rating on the stock.
Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.75.
First American Financial Corp. (NYSE:FAF) traded down 1.25% on Tuesday, hitting $22.16. 351,402 shares of the company’s stock traded hands. First American Financial Corp. has a one year low of $19.89 and a one year high of $27.40. The stock has a 50-day moving average of $21.98 and a 200-day moving average of $23.71. The company has a market cap of $2.370 billion and a P/E ratio of 9.23.
First American Financial Corp. (NYSE:FAF) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.42. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts expect that First American Financial Corp. will post $1.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 16th. Stockholders of record on Monday, September 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 5th.
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment.
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