First American Financial Corp. Now Covered by Janney Montgomery Scott (FAF)
Janney Montgomery Scott started coverage on shares of First American Financial Corp. (NYSE:FAF) in a research note issued on Friday, Analyst Ratings News reports. The firm set a “buy” rating on the stock.
Shares of First American Financial Corp. (NYSE:FAF) opened at 24.82 on Friday. First American Financial Corp. has a one year low of $20.39 and a one year high of $27.40. The stock has a 50-day moving average of $23.25 and a 200-day moving average of $23.5. The company has a market cap of $2.654 billion and a P/E ratio of 10.21.
First American Financial Corp. (NYSE:FAF) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.68 earnings per share. First American Financial Corp.’s revenue was up 18.2% compared to the same quarter last year. Analysts expect that First American Financial Corp. will post $1.73 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Sandler O’Neill downgraded shares of First American Financial Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 8th. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. First American Financial Corp. currently has a consensus rating of “Hold” and an average target price of $26.33.
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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