Barclays Increases Fidelity National Financial Price Target to $39.00 (FNF)
Equities researchers at Barclays upped their price objective on shares of Fidelity National Financial (NYSE:FNF) from $32.00 to $39.00 in a research report issued on Tuesday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 22.07% from the stock’s previous close.
Shares of Fidelity National Financial (NYSE:FNF) traded up 0.16% during mid-day trading on Tuesday, hitting $32.00. 1,482,678 shares of the company’s stock traded hands. Fidelity National Financial has a one year low of $21.99 and a one year high of $33.80. The stock has a 50-day moving average of $30.15 and a 200-day moving average of $26.48. The company has a market cap of $7.232 billion and a price-to-earnings ratio of 15.33.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $1.04 earnings per share. Fidelity National Financial’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Fidelity National Financial will post $1.96 EPS for the current fiscal year.
In other Fidelity National Financial news, Director William Foley II sold 14,700 shares of Fidelity National Financial stock on the open market in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $32.60, for a total value of $479,220.00. Following the completion of the transaction, the director now directly owns 3,495,383 shares of the company’s stock, valued at approximately $113,949,486. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott upgraded shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $29.00 price target on the stock. Separately, 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. Finally, 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.08.
Fidelity National Financial, Inc (NYSE:FNF) is a holding company.
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