Fidelity National Financial Upgraded to “Buy” by Janney Montgomery Scott (FNF)
Fidelity National Financial (NYSE:FNF) was upgraded by analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
FNF has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Fidelity National Financial from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 27th. They now have a $35.40 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Fidelity National Financial in a research note to investors on Thursday, December 5th. They set a “neutral” rating and a $31.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $31.35.
In other Fidelity National Financial news, Director William Foley II sold 292,100 shares of Fidelity National Financial stock on the open market in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $32.66, for a total value of $9,539,986.00. Following the transaction, the director now directly owns 3,603,283 shares of the company’s stock, valued at approximately $117,683,223. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Fidelity National Financial (NYSE:FNF) opened at 32.25 on Friday. Fidelity National Financial has a 1-year low of $21.99 and a 1-year high of $33.80. The stock has a 50-day moving average of $29.88 and a 200-day moving average of $26.31. The company has a market cap of $7.289 billion and a price-to-earnings ratio of 15.57.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis.
Fidelity National Financial, Inc (NYSE:FNF) is a holding company.
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