First American Financial Corp. Downgraded to Hold at Sandler O’Neill (FAF)
First American Financial Corp. (NYSE:FAF) was downgraded by research analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a report released on Tuesday, AnalystRatingsNetwork reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of First American Financial Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $23.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of First American Financial Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 3rd. Finally, analysts at Barclays Capital raised their price target on shares of First American Financial Corp. 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. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $26.33.
First American Financial Corp. (NYSE:FAF) traded down 0.91% during mid-day trading on Tuesday, hitting $23.94. 866,049 shares of the company’s stock traded hands. First American Financial Corp. has a one year low of $20.39 and a one year high of $27.40. The stock’s 50-day moving average is $22.66 and its 200-day moving average is $23.56. The company has a market cap of $2.560 billion and a P/E ratio of 9.94.
First American Financial Corp. (NYSE:FAF) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.31 earnings per share (EPS) 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.
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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